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Strategies & Market Trends : TA- Advanced GET

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To: Harold Lanier who wrote (539)	7/25/1997 9:37:00 AM
From: Ross	of 1551

Harold, I only "lightly" use stochastics in my analysis so the false bar is not extremely important to me also. But, when I'm looking at a topping EW3 or EW5 (bottoming the same), and the bar is present, It tells me the trend is so strong that even a counter move may only be corrective. The technical indicators like Stochastics, RSI are difficult because they can top out for a long time and really give no signal. I believe the false bar adds another dimension to this.. Ross

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