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[EquisMetaStock Group] Zig Zag Indicator



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   Hi,
			                       Reg: Zig Zag indicator

	
	Regarding the Zig Zag indicator, the Users manual 
says "Reversal Amount. Enter the amount that will cause a reversal. 
For example, if you enter "5," a five percent move is required to 
cause a bend (i.e., zig or zag) in the Zig Zag indicator".

	I had applied the indicator Zig Zag(c,5,%)  to a chart. I 
found that even when the difference in the price of the stock 
between 2 consecutive days is less than 5%, the indicator changes 
direction.

	Below is the date, closing price of the stock and the 
percentage difference between 2 consecutive days. I have also marked 
the dates * on which the Zig Zag indicator had changed direction.

	Date	Closing price	% Change
			((C-Ref(C,-1))/Ref(C,-1))*100

	12.17.2007	389.65	-7.5125
	12.18.2007	398.15	+2.1814	 		
	12.19.2007	395.65	-0.6279
	12.20.2007	389.35	-1.5923
	12.24.2007	402.60	*	+3.4031
	12.26.2007	412.45		+2.4466
	12.27.2007	407.30		-1.2486	
	12.28.2007	423.95		+4.0879
	12.31.2007	431.95		+1.8870
	1.1.2008	427.75	*	-0.9723
	1.2.2008	421.80		-1.3910
	1.3.2008	423.85		+0.48860
	1.4.2008	428.10		+1.0027
	1.7.2008	417.95		-2.3709
	1.8.2008	405.20		-3.0506
	1.9.2008	402.15		-0.7527
	1.10.2008	387.20		-3.7175
	1.11.2008	388.30	*	+0.2841

Can any one please explain why this happens? (This happens to all my 
charts)

	I would also like to know whether there is a way 
(exploration) to find out if the last leg of the Zig Zag indicator 
has changed direction.

Thanks in advance,

George




 
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