Piffer OT - And Other Assorted Nuts Message Board

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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: SFW who wrote (50405)	8/29/2000 7:00:30 PM
From: KM	Read Replies (1) of 63513

You use the 3 x 3 moving average. It can be done on the daily or weekly charts. The first element is a "thrust" (strong move) through the 3 x 3 (can be in either direction; obviously a upward thrust is the beginning of a double repo sell). Then, a retracement from the pivot point of that first thrust back over the 3 x 3. Then, a cross back under it, and when it then crosses back over it the second time, the buy (or sell if it's in the opposite direction) is triggered, and the potential move can be measured. It's a very potent chart pattern. After the semi-crash in the spring, there were a million of them on the weekly charts, like so many spring flowers in a meadow after a rainstorm. It was just a matter of picking the ones you wanted to play. I have a scan written to find them on stocks whose charts I don't eyeball myself every day. Joe D has written a book on this and other good setups called "Trading With DiNapoli Levels". There is also some good information on his methods here. BTW, this is the most awesome website ever IMO: hardrightedge.com

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