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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: hman who wrote (38781)3/18/2001 11:39:43 AM
From: Doug R  Respond to of 79477
 
hman,

I finally got around to looking at NVR's weekly. You're right about an ACT showing up (2/11 to 2/25/00) but the construction of an IL from there runs into a snag based upon the rules used for construction on a daily chart.
With one adjustment to the rules I do get a line around which price has behaved as is seen on daily charts of violators. It would take a hundred or two other probable examples to get a solid take on this adjustment but there could very well be something there.

Doug R