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To: ajtj99 who wrote (59908)11/19/2002 10:52:31 AM
From: augieboo  Read Replies (1) | Respond to of 209892
 
True. <g> I don't think it's a triple top at all. Here's my response to Mish on the other thread.

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"FWIW, I agree with Mish on this one. On a daily chart, the first supposed top is only an intraday spike above the then-current down-trend line, if memory serves.
Neither Edwards and McGee nor Murphy really covers it in enough detail to analyze this situation, but I think that Bulkowski does:

Each top should be part of its own minor high, a distinct peak that TOWERS ABOVE THE SURROUNDING PRICE LANDSCAPE. (p.593, emphasis added)"