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

To: Jorj X Mckie who wrote (1391)	4/27/2000 5:26:00 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 33421

Tom, I keep aspirin handy, but then that slows be down...<<smile>> The basic 3 day pattern, seems fairly easy to spot and so far a very reliable indication that something is going to happen. Apparently they work for any chart period stock or Index. But you must adjust the expected move to the chart conditions and the periods like 15-30 min. GZ only uses daily. I've also found when they fail the result is equally dramatic. The book I have describes a 5 day pattern as the basic Lindhal Wiggle, both buy and sell. And it says; "This formation may be completed in as many as 9 or as few as 3....it is not significant when price exceeds previous highs and lows. There may be several neutral bars in betwen." "The commodity futures researcher Walter Bressert, our source for Lindhal signals,....Lindahl signals are very reliable when other indicators indicate a turn in price. They also occur very frequently on stock charts of all duration's." I drew out the 3 day patterns for a buy and sell and have them posted close by...this seems to help. But the extended wiggles are extremely difficult to spot, because there are innumerable variations like today's.