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To: Alidotr who wrote (7117)	11/14/2000 12:22:40 AM
From: X Y Zebra	Read Replies (2) \| Respond to of 10876

Is the double hump a buy signal or a sell signal? That depends if the double hump has a brassiere holding, average. A: Yes = sell No = BUY [with both hands]

To: Alidotr who wrote (7117)	11/14/2000 7:43:41 AM
From: Don Pueblo	Read Replies (1) \| Respond to of 10876

I have an admission to make here. Imagine my chagrin. Actually you can't imagine my chagrin yet, but you will shortly. I recently took the time to read a few books that I have never read cover to cover before. The books are amazon.com and amazon.com Murphy's book is pretty good. I've read bits and pieces of it over the last couple of years, but was forced into cracking it again after LTV brought up the point about "descending triangles". When I got to page 239, "The Relative Strength Index", I immediately noticed something utterly hilarious to me. Welles Wilder, the guy who invented the RSI oscillator, is quoted from his book, "[Failure Swings are] the single most indicative characteristic of the Relative Strength Index." Guess what Failure Swings are. That's right, it's the Double Hump. I spent years studying the RSI signal without reading Wilder's book, and the thing I "discovered" was actually discovered and specifically noted as the single most important RSI signal by the man who invented the RSI index! I'm telling ya, I laughed out loud! Page 243 of Murphy's book shows illustrations of Wilder's "Top Failure Swing" and a "Bottom Failure Swing", AKA "The Double Hump". There are two differences. My Double Hump Signal is formed off the 13 period RSI (Wilder uses 14 period) and his signal confirmation occurs when - - buy signal: the RSI retraces (up) after the second dip and extends up past the retracement high between the two RSI dips - sell signal: the RSI retraces (down) after the second hump and extends down past the retracement low between the two RSI humps whereas my signal occurs when the RSI penetrates the 30 or 70 line after the pattern has formed. ****** Murphy says that his personal experience with this particular signal shows that its greatest value "lies in divergences that occur above the 70 line and below the 30 line." <GGG> Now, you can imagine my chagrin! I have the hardcover edition of Murphy's book, and the illustrations are on page 243, in the section called "Interpreting RSI". It's nice to know that after years of diligent study, I was able to figure out something that the inventor wrote in his book that I never read until now. LOL!!!