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

To: NucTrader who wrote (2178)6/13/2000 10:20:00 PM
From: Magnatizer  Read Replies (1) | Respond to of 33421
 
NucTrader

Today's high was not higher then Friday's. Am I reading your post wrong?

ht
Mag



To: NucTrader who wrote (2178)6/14/2000 4:37:00 AM
From: GROUND ZERO™  Respond to of 33421
 
>>Want to know something else really interesting that I bet you didn't see on the threads? the last bullish 2 close reversal was 3/15, the wednesday of the last triple witching expiration week. The SPX climbed 135 points to its alltime high in the next 7 sessions.<<

Great observation!!!

GZ



To: NucTrader who wrote (2178)6/14/2000 8:06:00 AM
From: Chip McVickar  Read Replies (1) | Respond to of 33421
 
Nuc,

Thank You for that Post...!

That reversal is also a part of a 5 bar pattern, which suggests atleast the next 2 days will hold above yesterdays low and as well its high. Bars on a chart are reflections of trader psychology and to some extent can anticipate future movements.

Do you know the name of the technician who popularized it?
Also.., what software are you using?

My Best,

Chip


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