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Strategies & Market Trends : 56er's Portfolio Companion

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To: freelyhovering who wrote (346)	11/17/1997 12:01:00 PM
From: Doug R	Read Replies (1) of 492

Myron, There is a "classic" topping signal in the Pring book that is characterized by: A top in the indicator at a price high : A lower top in the indicator at a higher price : A top in the indicator that is higher than the 2nd top but still lower than the first top at yet another price high. : Occasionally a 4th indicator top close to the 3rd top on yet another price high occurs but the 3rd one is usually the last. That would be a price high, say...10, with an indicator (say...34 day RSI) high of 87. Then the price goes to 12 with the indicator at 68. Finally (usually) a price at 15 with the indicator at 79. The "final" top can be long-term or intermediate-term depending on the period of the indicator. FYI, Doug R

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