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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?


To: smchan who wrote (12308)3/11/2001 8:14:04 PM
From: LPS5  Respond to of 18137
 
a new high, followed by a higher high, then followed by a lower high

Hmmm. Absent other information, I call that a "top."

a new low, followed by a lower low, then followed by a higher low

Absent other information, I'd call that a "bottom."

And in both cases - again, absent other technical factors and time frames - it seems they could both be described as..."reversals."

LPS5