|
PureBytes Links
Trading Reference Links
|
At 6:47 AM -0700 2/27/00, Earl Adamy wrote:
>The attached weekly closing GIF of the DJIA, with labeled "P"rimary and
>"I"ntermediate pivots, shows that the most recent major pivot high (not
>yet labeled with a "P" because not enough bars have elapsed) was a
>higher high so this does not qualify even though the most recent pivot
>low (which may qualify at best as "I"ntermediate) has been taken out.
It is a bit more convincing on a log price chart. See attached.
Bob Fulks
Attachment Converted: "f:\eudora\attach\DJIA1.gif"
|