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Pastimes : Market Gems - Gigantic Humanoid or Lame Ripoff? -- Ignore unavailable to you. Want to Upgrade?

To: smchan who wrote (14)	5/22/2001 1:47:16 AM
From: Graystone	Respond to of 25

Two Circuses in Town or Pruning to Avoid Apical Dominance. When pruning requires that a section of shrubbery (don't you just love that word) be symmetrical you must pruning with the intent to clip all shoots equally. Making sure that no stem achieves apical dominance guarantees that all stem ends will be double tops, many will exhibit triple or quadruple tops. When you wish to have height you must avoid cutting the the stem that has apical dominance, this will create a double top, This is often seen in mugho pines. Da circus was in town eh, an I coud see over behind da hill dey had a big ten eh, an it looked like it had double top eh, but wen I wen over da hill eh, it dint have double top eh, it was jus one big ten. The above descriptions were made up by me, I hope you appreciate the effort I put into explaining things to you. If you would like anything else explained I will be glad to do it. shrubbery (don't you just love that word)

To: smchan who wrote (14)	5/22/2001 10:00:49 AM
From: Don Pueblo	Read Replies (1) \| Respond to of 25

You bet! "This price pattern displays two prominent peaks. The reversal is complete when the middle trough is broken." -"Technical Analysis of the Financial Markets" John. J. Murphy. I assume you are referencing my message to Jenna. She put up a chart that had one top, a move down, then a second move up to the high at the first top. The chart did not pull back a second time, but continued to go higher than the level of the first top (after a close one day at the level of the first top.) She called that a "double top" - because, I assume, the second up move closed at what she thought was resistance. But there was no second move down. The reason I objected to strongly to her "analysis" was she had labeled the chart a "double top" and anyone who didn't already know she was wrong could have easily believed her. Those people could easily have remained confused forever. It is my personal opinion that this sort of obvious misrepresentation of an old and easily understood TA pattern not only demonstrates her lack of understanding, but points to a possibility that she is intentionally trying to confuse people so they will listen to her rather than try and understand how to read a chart themselves. She recently inserted a P&F chart on one of her charts, and I am quite confident that since she cannot read a traditional chart pattern, she has no friggin' clue on Point and Figure...which is too bad for anyone that accepts what she says as rational.