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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (14723)	4/16/1998 4:47:00 AM
From: Ocote	Read Replies (1) \| Respond to of 79298

Doug-- The ascending triangle scan that I tried, is a simple little thing that uses rising minimums over subsequent periods, while the maximums for the period are nearly constant. I'm still experimenting with various time periods(the one below is for 60 days; also tried 120 days). The key that I did not put in, is the declining volume near the apex. I play around with adding that. These sorts of formations would be missed by most of the scans I use because low volume is typical near the apex as you pointed out. Ocote Detail: Allgroup Max(0,-20,hi) < Max(-21,-40,hi) * 1.05 Max(0,-20,hi) >= Max(-21,-40,hi) * 0.95 Max(-21,-40,hi) < Max(-41,-60,hi) * 1.05 Max(-21,-40,hi) >= Max(-41,-60,hi) * .95 Min(0,-20,lo) > Min(-21,-40,lo) * 1.1 Min(-21,-40,lo) >= Min(-41, -60,lo) * 1.1 Avgvol(0,-30) > 300 Close(0) < 40