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Strategies & Market Trends : Trade/Invest with Options Jerry a Point & Figure Chartist

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To: SusieQ1065 who wrote (3461)9/6/2001 7:09:09 AM
From: Jerry Olson  Read Replies (1) of 5893
 
Morning Q

Triple top alerts are only letting you know that it "MAY" happen...this is good for a long side pop only..and...it could fail there...

The High Pole is when a stock breaks out off either a double top or triple top and runs straight up as in a pole formation...without a 3 box reversal down..

if you look at GSPT...it broke out at 9/10 ran straight up to 19, that was a high pole...these type of balistic pops always correct, as we called that stock a short there...

so you won't get this type of pattern from any service...although i'll report them from time to time...

markets still look weak here in light of that triple bottom breakdown of the SOX...
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