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Strategies & Market Trends : John Pitera's Market Laboratory

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To: GROUND ZERO™ who wrote (1072)	4/15/2000 8:16:00 AM
From: Topannuity	Read Replies (1) of 33421

A technical question... how do you interpret the doubling and tripling of the average daily range on the charts? If you look at a NAZ chart you can see the daily ranges appeared to double after the October 99 upside breakout/run. Then near end of December 99 the daily range again doubled. These past two weeks the daily range has again doubled and maybe trippled! What does this doubling of the ranges portend? Is this climactic action?? What did the daily ranges look like in 1987 before the big break? I noticed the ranges doubled during the downdrafts in Oct 1997 and Oct 1998 breaks.

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