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Strategies & Market Trends : TA setups-ex th traders

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Nov 21 4:00 PM EST

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To: Galirayo who wrote (6695)	5/14/2005 2:34:22 AM
From: cthruu	Read Replies (1) of 7682

OK. Here is going through paces: I like to use my own charts as examples. Island Reversal, as I would call it, is a reversal where there are airgaps on both sides. The gap is a gap between high of a day and low of the next in an uptrend or vice versa in a downtrend. NOT the gap between opening and closing. Here are some examples: BBH - one day island (abandoned baby). I had posted this pattern as it was evolving back in October. ttrader.com\'s%20charts&id=879&d=2 EBAY: one-and two-day islands. ttrader.com\'s%20charts&id=879&d=2 MGA: multi-session island. ttrader.com\'s%20charts&id=879&d=2 I saw on Bernie Schaeffer's site once an example he posted that looked something like this DNA chart: ttrader.com\'s%20charts&id=879&d=2 I do not buy it as an island reversal. And there is something like this AFFX with two gaps. I would not call it island reversal either, but rather Vic Sprandeo's 1-2-2B-3 pattern. ttrader.com\'s%20charts&id=879&d=2 As you see, the minor low filled the uptrending gap. There. I said my piece. If I am wrong someone please correct me. I would not mind.

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