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Strategies & Market Trends : John Pitera's Market Laboratory
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To: YxY who wrote (1625)5/17/2000 8:40:00 PM
From: Chip McVickar  Read Replies (1) of 33421
 
Y,

Your pattern scans are excellent.
Just take another look at the 2nd day and see if it needs refinment. It may not..!

3 day Buy Wiggle

1) The first day is a reversal day of a new low for the move and closing above the day's opening and at or near the highs for that day.

2) The second day has a higher high and higher low and closes lower then the first days close.

3) The third day takes out the low of the second day and then closes above the opening of the third day and above the high of the first day.

If the third day doesn't complete the pattern, the pattern could be in place on the fifth day, if not, then the seventh day.

Message 9975955

I couldn't find GZ's post on sell wiggles, but I believe this is correct..!

3 Day Sell Wiggle

1) The first day is a reversal day of a new high for the move and closing below the day's opening and at or near the lows for that day.

2) The second day has a lower high and lower low and closes higher then the first days close.

3) The third day takes out the high of the second day and then closes lower then the opening of the third day and below the low of the first day.

If the third day doesn't complete the pattern, the pattern could be in place on the fifth day, if not, then the seventh day.
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