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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: The Phoenix who wrote (15803)	1/24/2000 10:20:00 AM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 63513

LOL! if you have been following the DWA thread, you would have seen that this has been a major topic for discussion. On a DWA chart, you would go through this thought process when building a chart (at the end of the day): 1. Did the stock print a box in the current direction? If yes, add the X or the O inot the column and you are done. If no, see #2. 2. Has the stock moved three boxes in the opposite direction of the current column? If yes, add a new column going in the opposite direction of the previous. 3. If the stock has done both 1 and 2, you still only do 1. 4. If the stock has done neither 1 nor 2, then you do nothing. I pay attention to the intraday stuff and extrapolate (or is it interpolate???) the columns from the standard DWA chart. This has more to do with my style of trading. So you are right, until the end of the day, we don't really know if AMZN has broken a double top on the DWA chart. But since I am a bit more aggressive than some, I would enter a position based on the intraday break and try to catch the momo (in certain cases). One place where you are incorrect is that AMZN would have to print a 59 to negate the column of Xs. If it pulled back to 60, it would still print the column of Xs up to the high of the day. JXM