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To: maceng2 who wrote (203971)11/11/2002 3:23:05 PM
From: orkrious  Read Replies (1) | Respond to of 436258
 
mine are Jan 65's that I picked up cheap last week. I am only bitching because the POS is bucking the trend



To: maceng2 who wrote (203971)11/11/2002 3:45:43 PM
From: At_The_Ask  Read Replies (1) | Respond to of 436258
 
I would guess it means ibm longs may be impaled by a high pole. bg



To: maceng2 who wrote (203971)11/11/2002 4:25:19 PM
From: BDR  Read Replies (2) | Respond to of 436258
 
High Pole Warning
stockcharts.com

X
XO
XO
XO
X XO
XOXO <-- high pole warning (more than 50% reversal)
XOX
XOX
XO
X



The high pole warning is given when a chart rises above a previous high by at least 3 boxes but then reverses to give back at least 50 percent of the rise. The reversal implies that the demand that was making the prices rise has given way to supply pressure. The pattern is a warning that lower prices could be seen in the future.