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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: james ball who wrote (23020)8/11/1999 9:20:00 PM
From: James Strauss  Respond to of 34824
 
New highs and lows are important as it goes directly to the High low index. One of our primary short term indicators. A day like today doesn't help this indicator.

James:

The High Low Index is a good one... The type of imbalance that we had today of 6 New Lows for each New High becomes more pronounced when it is viewed along side the High Low Index... During last October's final panic selling we had days of New Lows over 1000... Those watching the New Lows numbers in conjunction with the panic high volume selling on the downside would have been alerted that a bottom was near...

Jim