Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: skinowski who wrote (126921)	12/11/2005 10:15:37 PM
From: Galirayo	Respond to of 209892

Ski .. I've mentioned it here a few times. Message 21399526 It Nailed the UTY here even if it slopped around a bit afterward. Message 21820337 Message 21870421 Here's the Search Result for it. siliconinvestor.com

To: skinowski who wrote (126921)	2/4/2006 5:13:33 PM
From: Galirayo	Read Replies (2) \| Respond to of 209892

[ 8to10NPL ] Hey Ski .. I finally found a definition on the web. It doesn't have a Proper Name here though. Steve Nison called it a New Price Low .. or a New Price High in his book. >>>>> for your enjoyment <<<<<<<< Record sessions When a candle makes a higher high, the Japanese call it a record session high. A lower low is called a record session low. When there are eight to ten record sessions, it increases the possibility that the preceding trend will change. While counting, one or two sideways sessions can be ignored. Generally there should not be more than three sideways sessions between the record sessions, not should there be a sharp move counter to the record session trend. Eight to ten sessions should be only seen as guide post and not a definite count. naviamarkets.com And a little more ... Steve Nison is probably most responsible for bringing this intriguing approach to the West. His books, "Japanese Candlestick Charting Techniques" and "Beyond Candlesticks," are de rigueur reads for the initiate. " I think we're going to do away with bar charts," he boldly predicted recently, but Nison would not go so far as to say when such a stunning prophesy might come true. As if to hasten that day, he frequently proselytizes. This fall, he is conducting seminars at the International Federation of Technical Analysts in San Francisco; the Milan, Italy, Technical Analysts Society; and at the Chicago Board of Trade. And he also showcases candles for the general public through appearances on CNBC. At the end of July, he went on camera to review that month's six point plunge in the T- Bond futures — showing TV viewers "the eight lower lows" that took the market from a Life of Contract High of 116-06 to 109-27. candlecharts.com ... Well ... Now I'm finding it on the Web .. Interesting ... :) A sequence of higher highs and higher lows on Kagi charts shows the underlying force of the bulls. As a general rule of thumb, eight to 10 higher highs on a Kagi chart often coincides with an overextended market (i.e., a downside reversal may be imminent). Whereas, lower highs and lower lows may reflect an underlying weakness. paritech.com.au