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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (1072)4/15/2000 8:16:00 AM
From: Topannuity  Read Replies (1) | Respond to of 33421
 
A technical question... how do you interpret the doubling and tripling of the average daily range on the charts? If you look at a NAZ chart you can see the daily ranges appeared to double after the October 99 upside breakout/run. Then near end of December 99 the daily range again doubled. These past two weeks the daily range has again doubled and maybe trippled!
What does this doubling of the ranges portend?
Is this climactic action??
What did the daily ranges look like in 1987 before the big break? I noticed the ranges doubled during the downdrafts in Oct 1997 and Oct 1998 breaks.



To: GROUND ZERO™ who wrote (1072)4/15/2000 11:21:00 AM
From: jjs_ynot  Read Replies (1) | Respond to of 33421
 
GZ,

Nice trading this week. A lot of profit has been made on the short side.

I am looking at long positions. What would you suggest as a long entry trigger?

Regards,

Dave



To: GROUND ZERO™ who wrote (1072)4/17/2000 2:58:00 PM
From: Chip McVickar  Read Replies (1) | Respond to of 33421
 
Nice price/volume reversal on the 30 min spoos and there is are tweezers on the 60 min and the daily charts.

Strong buyers...? Looking for fire-sale prices..?

What do you make of the rising bond prices...?
I thought they'd be falling.

Chip