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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: chris714 who wrote (48106)	7/30/2002 10:55:06 AM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 209892

I believe that John Pitera also thinks that high ticks portend a longer rally.....following a decline. Don't mean to speak for JP, but I am pretty familiar with his views here. JP does expect longer rallies at certain high tick levels. A level of +1000 would indicate further rallying. However, if you go to +1400 or more, that could be an indication of a buying climax. Major tops and bottoms are often marked by these extreme tick levels. Interestingly, we have had tick readings of -1400 and +1400 in the past week.