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To: MrsNose who wrote (15813)4/1/1999 1:54:00 PM
From: Ruyi  Read Replies (1) | Respond to of 37507
 
Every stock that has gone bust breaks a triple bottom, the markets are littered with them. Not saying this ones finished, just TA is somewhat useless with the exception of 10 or 30 day moving averages. Mid nines are the only true test levels IMO.



To: MrsNose who wrote (15813)4/1/1999 1:56:00 PM
From: Denise D  Respond to of 37507
 
Margie,

As far as I know you are right. I am still only less than halfway through my first TA text, although we've already covered the Trend Reversal indicators (via price action), unless there are any surprises. (I must keep reminding people of this fact so they don't rely on me for info.)

Denise.



To: MrsNose who wrote (15813)4/1/1999 2:16:00 PM
From: John Paquet  Respond to of 37507
 
Hi! Margie,

In a very practical sense, one bottom is much better than double bottom.

Likewise, double bottom is much better than triple bottom.

Etc.........

The simple reason is it would not have to take second bottom and market keeps going upward, there is no bottom, right??? Margie.

Likewise, it only needs two times to get bottom, it looks bullish than the triple bottom, it did not need the third time then market headed up again.

Margie, How about a market hit 7 times bottomming, did you see any strength???

All the chart reading are hoping and are non-exitential.

Real life is exitential.

JP