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Earl Adamy wrote:
>
> Alan, your chart includes note "2 outside day continution Buy signals". Would
> you care to explain this? Thanks.
"Expected" direction or trend is up.
Market made a lower low than yesterday, an intra-day setup would be
to buy if yesterdays high is also taken out as this would be an
"outside day" ie: high > yesterdays high and low < yesterdays low.
Outside continuation day simply means that not only was it an
"outside day" it also closed higher indicating the uptrend
would continue.
Alan
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