To: Barney who wrote (569 ) 5/25/1998 8:09:00 AM From: TATRADER Read Replies (1) | Respond to of 59879
Let me know if you find it...I too get Dial Data...Have had some bad data that has messed up my system.... Memorial TA Educational Tibet 22. A symmetrical triangle- or "Coil" A series of price fluctuations, each of which is smaller than its predecessor, each Minor top failing to attain the height of the preceding rally, and each minor recession stopping above the level of the preceding bottom. a. You must be able to see four reversals of Minor trend or more b. There is no clue on the chart once the triangle is drawn in which direction prices are going to break out. c. At the apex of the triangle there is extremely low volume. d. Suddenly, prices break out of their triangle with a notable pick-up in volume. 23. A Double Bottom or Top A stock advances to a certain level on high volume, then retreats with diminishing activity. Then comes up to the same price(3%rule) as before, not as much volume, and then finally turns down for the second time. Most true double tops or bottom develop in 2 or 3 months or further apart. Reaction between the first and second =20% down. You should see a rounding recession between them. If prices go down past first valley, more downside ahead. 24. Dormant Bottom Thinly traded stock. Bowl pattern. Sudden flurry of activity. May move to a new level and go dormant again. But it is a signal of an accumulation pattern. 25. Rectangle A picture of conflict. They bat the ball back and forth up and down, and finally one side is exhausted, and the other proceeds to knock the ball out the lot. 26. Resistance and Support There are 3 items you should look at when determining resistance and support: 1) Volume is the first criterion in estimating the power of a resistance-support area. Study the chart to see where a lot of shares changed hands. 2) The second criterion is the extent of the subsequent decline. Generally speaking, the greater the distance, the greater the resistance. 3) The third criterion for appraising the resistance-support potential of an old bottom or top is the length of time that has elapsed since it was formed and the nature of the general market developments in the interim. A supply only a year or two old is apt to be more effective than one that is 4-5 years old Regards, Mark