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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: duke-nukem who wrote (7687)1/24/2001 12:54:33 PM
From: James Strauss  Read Replies (1) of 13094
 
what an Island Reversal is. A new term to add to my t/a dictionary
unless it's known by another name.


DN:

An Island Reversal looks something like this:

X X X
. X
Gap .
.
X
X
X
X
It happens when you have a gap in price that forms a little topping
plateau before the price turns down... The plateau looks like a little
island that's separated from the rest of the price formation...

Jim
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