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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Doug R who wrote (32063)9/18/1999 4:14:00 PM
From: bdog  Read Replies (1) of 79214
 
LOL Doug, what was I smokin? YES! You are absolutely correct. It takes 7 data points to form an IHS.

The 3 day IHS was a bad description of what I was referring to. The 3 days are the shared data points of the head and the 2 neckline points of the shoulders.

INTA, first 3RSI IHS

Here are the data points:

1. 8/27
2. 8/30 left shoulder
3. 9/1 left neck
4. 9/2 head
5. 9/3 right neck
6. 9/7 right shoulder
7. 9/8 b/o

The second IHS is having the first data point at an unconventional place.. below the neckline of the left shoulder.

I/we on the thread do relax the classic IHS rules in the 3RSI as one is limited to the restraint of the indicator boundaries, ie a neckline point being above/below opposing shoulder and placement of an IHS at the top of a trend instead of the bottom.

Now...

"an IHS over 3 days on the price chart is possible"

So what were you smokin? I want some, lol. How can 3 price days form an IHS when it takes a min of 7?

If that were the case then a morning star could be an IHS and an evening star could be an HS.

Take the days 9/3, 9/7 and 9/8. Connecting the highs one has a V, not a classic IHS. 3 data points. Another V can be formed on the lows. Or combine both V's and you have a V channel with 6 points on 3 days.

Connecting the highs on the V legs gives a nice line.

About the same thing happened on 8/20, 8/23 and 8/24.

So how bout ya just call it a Voo and an IV at the tops...>g<

off to the mountains...
btechdog
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