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To: chowder who wrote (9227)10/9/2001 11:54:04 AM
From: Gottfried  Respond to of 23153
 
dabum, Naz 2150 for a buy signal: this is what would happen if the Naz keeps adding Xs without retracement. That's unlikely, though. More likely is it will go down again [would have to hit 1450, i.e. 3 boxes down] and then reverse into Xs again. Then it would signal 'buy' at 1650.
It always takes 3 boxes to reverse.

stockcharts.com

Gottfried