Here's the full history for the days you cited, with comments:
Before the opening, the last bar extended from $32.563 to $32.688, and the bar before that extended from $32.500 to $32.563. The combined high and low of these bars formed the envelope for 9/11.
970911: Current Hiband: $32.688, Loband: $32.500
970911: Open @ $32.938
970911: Hiband broken at open
970911: Loband broken intraday, low @ $32.125
970911: Loband unbroken at close, signal not confirmed
970911: Hiband broken at close, signal confirmed
970911: Close @ $32.938
970911: New white Bar formed. Current Trend Confirmed.
After the close, the high band was broken, so a new white bar was drawn from the prior high of $32.688 to the new high at $32.938.
With this new bar, the high of the last two bars is $32.938, and the low is now $32.563
970912: Current Hiband: $32.938, Loband: $32.563
970912: Open @ $33.063
970912: Hiband broken at open
970912: Hiband broken at close, signal confirmed
970912: Close @ $34.000
970912: New white Bar formed. Current Trend Confirmed.
The high band was broken again at the close, so another white bar is formed. The last two bars are now $32.688-$32.938 and $32.938-$34.00
970915: Current Hiband: $34.000, Loband: $32.688
970915: Open @ $34.000
970915: Hiband unbroken at close, signal not confirmed
970915: Close @ $34.000
The high band was touched, but not broken, so no new bar is drawn, and the envelope doesn't change.
Doug. |
