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Strategies & Market Trends : MP - Market Pulse -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (302)	7/4/2001 8:22:02 AM
From: HairBall	Respond to of 1328

mishedlo: What are double hits and triple hits? Message 16026490 If one turn is a low can the next one be another low? I have not kept statistics on this, but for the most I have found that when turn points prove significant (not all prove to be) they alternate between buy and sell. Some marking a more significant turn than others. Some not marking a turn at all. That is why I always say "possible" turn date. As mentioned in my earlier post, I evaluate each approaching date based on the significance of the turn from which they were projected or turns for that matter. As each date approaches I analyze current price action as always with respect to in play chart patterns, in play trend lines, in play price action points, volume activity and my technicals to "try" and determine in advance if the "possible" turn date projected will actual be of significance. I have found "per my work" just projecting "raw" turn dates is of little value, there are so many different cycles to follow. So I keep my work basic, projecting forward only short to medium-term and evaluating each "possible" turn date as it approaches. Possible turn date projections are only a small part of what I do and until recently I have not posted them publicly. Regards, LG