To: donald sew who wrote (20017 ) 9/26/2001 8:43:24 AM From: Jerry Olson Read Replies (1) | Respond to of 52237 Don LOW POLES are straight down moves in a stock or index chart that looks like a column of O's in a downtrend line...these low poles usually mean at or near their bottoms, seller are exhausted... what i watch for is a 50% retrace back up..this says to the Piffer, "Alert", buyers are begining to appear here...usually once we get that LOW POLE WARNING, the stock or index usually heads back down again to test the lowest point on the first column of O's... 3 senarios here...either we hold that last O in that other column...and bounce up from there...next we break that lowest O and create another sell signal...3rd we make a higher low(the best sensario), and rally back up from there...thus setting up a potential BUY SIGNAL ON THE P&F CHARTS TO OCCURR... here is the chart of the DJIA--DOW--INDU...you'll see the low pole column...8100 is the bottom of that column of O's..we got a reversal back up here of the whole down move of, so far 11 boxes..not a 50% retrace so far... my guess is, we'll reverse down and test that 8100 area..and one of those 3 senarios will happen... based on that next best moved, i'll be able to act accordingly...here's the actual chart... Dow Jones DJIA (09/25/2001) 8660.000 Up 56.600 (Status: N/A) Stock Wkly Mom: Neg (6 Wks) SPX RS = None, / / ; column = s; Peer RS = None, column = s Trend Chart Broke a Double Bottom on 09/06/2001 Evaluate This Index Comments Comp Info -------------------------------------------------------------------------------- Another -------------------------------------------------------------------------------- Other Scales 100 Box Size 150 Box Size 200 Box Size -------------------------------------------------------------------------------- Scale -------------------------------------------------------------------------------- Print Chart Expand Email Chart Sym Lookup User Notes -------------------------------------------------------------------------------- Quotes Yahoo 411Stocks Bloomberg -------------------------------------------------------------------------------- Options 09/25/2001 High 8695.500 Low 8506.400 Last 8660.000 Vol 0 Close 0.000 11500 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 11500 11450 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 11450 11400 | | | | | | |*| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 11400 11350 | | | | | | |X|*| | | | | | | | | | | | | | | | | | | | | | | | | | | | 11350 11300 | | | | | | |X|O|*| | | | | | | | | | | | | | | | | | | | | | | | | | | 11300 11250 | | | | | | |X|O| |*| | | | | | | | | | | | | | | | | | | | | | | | Top11250 11200 | | | | | | |X|O| | |*| | | | | | | | | | | | | | | | | | | | | | | | | 11200 11150 | | | | | | |X|O|X| | |*| | | | | | | | | | | | | | | | | | | | | | | | 11150 11100 | | | | | | |X|O|X|O| | |*| | | | | | | | | | | | | | | | | | | | | | | 11100 11050 | | | | | | |X|O|X|O| | | |*| | | | | | | | | | | | | | | | | | | | | | 11050 11000 | | | | | | |X|O|X|O|X| | | |*| | | | | | | | | | | | | | | | | | | | | 11000 10950 | | | | |X| |X|O|X|O|X|O| | | |*| | | | | | | | | | | | | | | | | | | | 10950 10900 |X| |X| |X|O|X|O|X|O|X|O| | | | |*| | | | | | | | | | | | | | | | | | | 10900 10850 |X|O|X|O|X|O|X|6| |O|X|O| | | | | |*| | | | | | | | | | | | | | | | | | 10850 10800 |X|O|X|O|X|O| | | |O| |O| | | | | | |*| | | | | | | | | | | | | | | | | 10800 10750 |X|5| |O|X| | | | | | |O|X| | | | | | |*| | | | | | | | | | | | | | | | 10750 10700 |X| | |O| | | | | | | |O|X|O| | | | | | |*| | | | | | | | | | | | | | | 10700 10650 O|X| | | | | | | | | | |O|X|O| | |X| | | | |*| | | | | | | | | | | | | | 10650 10600 O|X| | | | | | | | | | |O| |O|X| |X|O|8| | | |*| | | | | | | | | | | | | 10600 10550 O|X| | | | | | | | | | | | |O|X|O|X|O|X|O| | | |*| | | | | | | | | | | | 10550 10500 O|X| | | | | | | | | | | | |O|X|O|X|O|X|O| | | | |*| | | | | | | | | | | 10500 10450 O| | | | | | | | | | | | | |O|X|7|X|O|X|O|X| | | | |*| | | | | | | | | | 10450 10400 | | | | | | | | | | | | | |O| |O|X|O|X|O|X|O| | |X| |*| | | | | | | | | 10400 10350 | | | | | | | | | | | | | | |*|O|X|O|X|O|X|O|X| |X|O| |*| | | | | | | | 10350 10300 | | | | | | | | | | | | | |*| |O|X|O|X|O|X|O|X|O|X|O| | |*| | | | | | | 10300 10250 | | | | | | | | | | | | |*| | |O|X|O| |O|X|O|X|O|X|O| | | | | | | | | | 10250 10200 | | | | | | | | | | | |*| | | |O|X| | |O| |O| |O|X|O| | | | | | | | | | 10200 10150 | | | | | | | | | | |*| | | | |O| | | | | | | |O| |O|X| | | | | | | | | 10150 10100 | | | | | | | | | |*| | | | | | | | | | | | | | | |O|X|O| | | | | | Med10100 10050 | | | | | | | | |*| | | | | | | | | | | | | | | | |O|9|O| | | | | | | | 10050 10000 | | | | | | | |*| | | | | | | | | | | | | | | | | |O|X|O| | | | | | | | 10000 9950 | | | | | | |*| | | | | | | | | | | | | | | | | | |O|X|O| | | | | | | | 9950 9900 | | | | | |*| | | | | | | | | | | | | | | | | | | |O| |O| | | | | | | | 9900 9850 | | | | |*| | | | | | | | | | | | | | | | | | | | | | |O| | | | | | | | 9850 9800 | | | |*| | | | | | | | | | | | | | | | | | | | | | | |O| | | | | | | | 9800 9750 | | |*| | | | | | | | | | | | | | | | | | | | | | | | |O| | | | | | | | 9750 9700 | |*| | | | | | | | | | | | | | | | | | | | | | | | | |O| | | | | | | | 9700 9650 |*| | | | | | | | | | | | | | | | | | | | | | | | | | |O| | | | | | | | 9650 9600 *| | | | | | | | | | | | | | | | | | | | | | | | | | | |O| | | | | | | | 9600 9550 | | | | | | | | | | | | | | | | | | | | | | | | | | | |O| | | | | | | | 9550 9500 | | | | | | | | | | | | | | | | | | | | | | | | | | | |O| | | | | | | | 9500 9450 | | | | | | | | | | | | | | | | | | | | | | | | | | | |O| | | | | | | | 9450 9400 | | | | | | | | | | | | | | | | | | | | | | | | | | | |O| | | | | | | | 9400 9350 | | | | | | | | | | | | | | | | | | | | | | | | | | | |O| | | | | | | | 9350 9300 | | | | | | | | | | | | | | | | | | | | | | | | | | | |O| | | | | | | | 9300 9250 | | | | | | | | | | | | | | | | | | | | | | | | | | | |O| | | | | | | | 9250 9200 | | | | | | | | | | | | | | | | | | | | | | | | | | | |O| | | | | | | | 9200 9150 | | | | | | | | | | | | | | | | | | | | | | | | | | | |O| | | | | | | | 9150 9100 | | | | | | | | | | | | | | | | | | | | | | | | | | | |O| | | | | | | | 9100 9050 | | | | | | | | | | | | | | | | | | | | | | | | | | | |O| | | | | | | | 9050 9000 | | | | | | | | | | | | | | | | | | | | | | | | | | | |O| | | | | | | | 9000 8950 | | | | | | | | | | | | | | | | | | | | | | | | | | | |O| | | | | | Bot8950 8900 | | | | | | | | | | | | | | | | | | | | | | | | | | | |O| | | | | | | | 8900 8850 | | | | | | | | | | | | | | | | | | | | | | | | | | | |O| | | | | | | | 8850 8800 | | | | | | | | | | | | | | | | | | | | | | | | | | | |O| | | | | | | | 8800 8750 | | | | | | | | | | | | | | | | | | | | | | | | | | | |O| | | | | | | | 8750 8700 | | | | | | | | | | | | | | | | | | | | | | | | | | | |O| | | | | | | | 8700 8650 | | | | | | | | | | | | | | | | | | | | | | | | | | | |O|X| | | | | | | 8650 8600 | | | | | | | | | | | | | | | | | | | | | | | | | | | |O|X| | | | | | | 8600 8550 | | | | | | | | | | | | | | | | | | | | | | | | | | | |O|X| | | | | | | 8550 8500 | | | | | | | | | | | | | | | | | | | | | | | | | | | |O|X| | | | | | | 8500 8450 | | | | | | | | | | | | | | | | | | | | | | | | | | | |O|X| | | | | | | 8450 8400 | | | | | | | | | | | | | | | | | | | | | | | | | | | |O|X| | | | | | | 8400 8350 | | | | | | | | | | | | | | | | | | | | | | | | | | | |O|X| | | | | | | 8350 8300 | | | | | | | | | | | | | | | | | | | | | | | | | | | |O|X| | | | | | | 8300 8250 | | | | | | | | | | | | | | | | | | | | | | | | | | | |O|X| | | | | | | 8250 8200 | | | | | | | | | | | | | | | | | | | | | | | | | | | |O|X| | | | | | | 8200 8150 | | | | | | | | | | | | | | | | | | | | | | | | | | | |O|X| | | | | | | 8150 8100 | | | | | | | | | | | | | | | | | | | | | | | | | | | |O| | | | | | | | 8100 8050 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 8050 8000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 8000 7950 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 7950 7900 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 7900 -------------------------------------------------------------------------------- While we make every effort to be free of errors on these charts, they are derived from data from other sources. 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