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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Doug R who wrote (32063)9/18/1999 3:51:00 AM
From: Warthog  Respond to of 79210
 
dougR

Alphabet scan for the week of the 19th.

AKLM APCC APPB APSG ARDT ATML BEAS BPT BVSN
CDCO CEGE CHIR CORR CRUS* DCTM FVCX FYII ISSI
MTON OIL PRIA TQNT VIRS WTHG ZICA

CRUS is also a secret HA scan with tweek hit.

eyeball scan
GOAL MERX ZONA INTA PETM

wart



To: Doug R who wrote (32063)9/18/1999 11:38:00 AM
From: Warthog  Respond to of 79210
 
dougR

EPTO = interesting pattern
wart



To: Doug R who wrote (32063)9/18/1999 11:42:00 AM
From: Woody  Read Replies (2) | Respond to of 79210
 
ROC scan hits for Friday's close ...

ELNT, ELANTEC SEMICONDUCTOR INC, Friday's close 21, Friday's volume 138200
LCBM, LIFECORE BIOMEDICAL INC, Friday's close 12.375, Friday's volume 69300
PRFM, PERFUMANIA INC, Friday's close 3.9375, Friday's volume 234400
VIRS, TRIANGLE PHARMACEUTICALS INC, Friday's close 23, Friday's volume 358200

Gee .. I wonder what sectors are hot right now ?? >gg<

Woody



To: Doug R who wrote (32063)9/18/1999 4:14:00 PM
From: bdog  Read Replies (1) | Respond to of 79210
 
LOL Doug, what was I smokin? YES! You are absolutely correct. It takes 7 data points to form an IHS.

The 3 day IHS was a bad description of what I was referring to. The 3 days are the shared data points of the head and the 2 neckline points of the shoulders.

INTA, first 3RSI IHS

Here are the data points:

1. 8/27
2. 8/30 left shoulder
3. 9/1 left neck
4. 9/2 head
5. 9/3 right neck
6. 9/7 right shoulder
7. 9/8 b/o

The second IHS is having the first data point at an unconventional place.. below the neckline of the left shoulder.

I/we on the thread do relax the classic IHS rules in the 3RSI as one is limited to the restraint of the indicator boundaries, ie a neckline point being above/below opposing shoulder and placement of an IHS at the top of a trend instead of the bottom.

Now...

"an IHS over 3 days on the price chart is possible"

So what were you smokin? I want some, lol. How can 3 price days form an IHS when it takes a min of 7?

If that were the case then a morning star could be an IHS and an evening star could be an HS.

Take the days 9/3, 9/7 and 9/8. Connecting the highs one has a V, not a classic IHS. 3 data points. Another V can be formed on the lows. Or combine both V's and you have a V channel with 6 points on 3 days.

Connecting the highs on the V legs gives a nice line.

About the same thing happened on 8/20, 8/23 and 8/24.

So how bout ya just call it a Voo and an IV at the tops...>g<

off to the mountains...
btechdog