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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Gary105 who wrote (33547)	6/10/2012 11:15:35 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 218848

Good question, but there are several things very different, that is if you're referring to the lows in late April as a possible buy wiggle pattern... 1) if you notice, the late April pattern does not begin with a reversal day, this time we have a very clear reversal day which is the lowest low of the down trend... 2) there is no day that has a higher high and a higher low which closes lower, this time day 4 does that very nicely... 3) finally, there is no day 5 in which the low of day 4 is taken out which then also closes above the high of the first 3 days... There two patterns are very different, the April pattern is just a regular rally pattern, this current 5 day pattern is a classic buy wiggle pattern... GZ