SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Jerry Olson who wrote (31033)9/25/2000 9:25:35 PM
From: quote 007  Read Replies (1) | Respond to of 42787
 
jerry,
i'm not going to argue--i think your talking about a bull trap--i was taking about a bearish signal reversal--at least 7 columns across--loweer lows and then reverses up to break a double top--which is what happened on the spx chart--my understanding is a bull trap is a triple top break by one box --and then a reversal down--sucks in the last bulls and traps them

i'll look it up tomorrow



To: Jerry Olson who wrote (31033)9/25/2000 9:36:03 PM
From: Dave Shares  Read Replies (1) | Respond to of 42787
 
Jerry,

I've lent my book out to my son's teacher, but I am pretty sure that a bullish signal reversal does not happen until the buy signal has reversed all the way down to a sell signal, which will require the SPX to print 1420 I believe.

The bull trap that I am familiar with requires a triple top break of one box to reverse down, but I could be wrong about that part of it.



To: Jerry Olson who wrote (31033)9/25/2000 10:49:42 PM
From: OX  Read Replies (1) | Respond to of 42787
 
ok OJ,
I get what you're saying now...
you're talking about a NEGATED Bearish Signal Reversal, if SPX doesn't continue on to print 1460 tmo.
which is true, it would be a failed signal.