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


To: YxY who wrote (1623)5/17/2000 1:49:00 PM
From: Chip McVickar  Read Replies (2) | Respond to of 33421
 
WOW.....,

Is that any better...and does it meet your requirements...?

The 10/02/00 IBM stat is actually a sell wiggle good for -25 points.
The previous spike is a 3 day sell wiggle and the reversal into a 3 day buy is not complete formation. The second day did not take out the first days high. It became a test of the sell wiggle.

Do you know what a "Sell Wiggle" is....

BTW....JPM 15/03/00 9,84% 1,29% 7,61 3 Day low

This is a variation on the 3 day buy wiggle....2nd day is not complete...2nd must have a higher high then the first day and close lower.

PG 15/03/00 2,35% 5,64% 0,42 801 Day low
Not a true wiggle

MSFT 03/02/00 6,09% 1,10% 5,55 34 Day low
Example of a wiggle within an uptrend without the necessary lower low for the move....still produced 20points