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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Gary E who wrote (20052)	4/3/1999 10:03:00 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 44573

Hal, From what I've come to understand: Over the years....'Chartists' have looked at market activity for signals to anticipate market directional changes. To see if there might be consistant signals for reversals...etc. There are a few that are well documented and give a high percentage of correct signals. So if you are trading off chart patterns, it becomes necessary to see these indicators. Spikes Up/Down Double Bottoms/Tops Tripple Bottoms/Tops Inside Days Outside Days Top Reversal Days Bottom Reversal Days Key Reversal Days 2 Day Reversals Weekly Reversals Montly Reversals There are others..... "Technical Analysis of the Futures Markets" by John Murphy is a good example. There are other books on the subject.... <<smile>> Now there is one less rock in your box Chip