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To: Rich1 who wrote (9778)10/26/2001 4:06:35 PM
From: Jorj X Mckie  Respond to of 10077
 
what I see with CEFT is that after forming somewhat of a sloppy Bullcat (spread TT followed by a DT), it broke the DB and couldn't rally above the old highs. Stockcharts identifies some things as low poles that I would never identify as such. But I think that Atin is going by strict definitions.



To: Rich1 who wrote (9778)10/26/2001 7:54:40 PM
From: Atin  Read Replies (1) | Respond to of 10077
 
The problem is that DWA's chart is using incorrect data so their chart is wrong (happens to the best of them, datafeeds are not always 100%). There was a reversal on 06/29/01 when the chart fell from the 28 box down to 25 (the low on 06/29/01 was 24.975 according to Nasdaq.com). This was reversed back on 07/02/91 when we went back above 28. DWA's chart doesn't show the column of Os and therefore doesn't have a double bottom break that fell by 3 boxes and then reversed more than 50%, the definition of a low pole reversal.

-Atin