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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: big run who wrote (9840)	3/15/1999 1:16:00 AM
From: Richard Estes	Respond to of 12039

Time falls to another post sometimes. you are looking at total bar lenght. It requires 3 bars consecutive to show change. you are comparing it to the bar before. the dow on a daily chart from 3/4 to 3/8 gave a change in trend to the upside by higher highs and higher lows. That will not change until we have 3 consecutive days of lower highs and lower lows. the turn around bar on 3/3 is a major low or pivot. The only bar that can intercede in the count of the 3 bars is an inside bar which you ignore. This is the basis of Gann swing charts. It is not perfect but is reminder of state of price. a stock or market in a range could give whipsaws but you can't have a sustained trend without it occurring.