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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (2448)	8/15/2002 7:38:12 PM
From: Gottfried	Respond to of 25522

Brian, good question >Have they crossed some moving average?< PnF doesn't use volume, time or moving averages. Yes, these bullish stocks have crossed a treshold. They have exceeded a previous high [a column of Xs] by at least one X. That makes a PnF buy signal. Take DISH as an example. The rightmost column of Xs exceeded the previous column of Xs today. That is the buy signal. [Xs are UP columns] stockcharts.com 18.50 \| \| O X O \| \| 18.50 18.00 \| \| O X O X \| \| 18.00 17.50 \| \| O X O X O X \| \| 17.50 17.00 \| \| O X O X O X O X \| \| 17.00< 16.50 \| \| O X O X O X O X X \|High\| 16.50 16.00 \| \| O X O X O O X O X X \| \| 16.00 15.50 \| \| O X O O X O X O X \|Avg \| 15.50 15.00 \| \| O X O X 8 X O X \| \| 15.00 14.50 \| \| O X O X O O \| \| 14.50 14.00 \| \| O X O \|Low \| 14.00 13.50 \| \| O \| \| 13.50 13.00 \| \|