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To: John Sacz who wrote (1492)1/19/1998 10:37:00 AM
From: Jim Muskett  Respond to of 4056
 
Hi John ... apparently the description of Rally and Reaction [as well as Inside, Outside] is explained in a different publication:
"Using the Volume Reversal Survey in Market Analysis" by Mark A. Leibovit. ISDN 520-282-1275. See page 218 for reference.

Regards,
Jim



To: John Sacz who wrote (1492)1/19/1998 11:17:00 AM
From: Richard Estes  Respond to of 4056
 
A rally day occurs when today's high is greater than the previous rally day's high and today's low is greater than or equal to the previous rally day's low.

I assume, they call first data point a rally and proceed from there, referring back to last rally. Rally with volume compares the previous rally's volume too.