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In a book entitled STOCK & COMMODITY MARKET TREND TRADING BY ADVANCED
TECHNICAL ANALYSIS by JOHN R HILL and published by COMMODITY RESEARCH
INSTITUTE the auther has this to say about outside days "an outside day is
one in which the price action extends over both sides of the previous day's
action. if this action occur's after an extended move in either direction ,
it usually marks close to, if not the end of the current move"
Dom. -----
Original Message -----
From: <ROSOW@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, September 25, 2000 9:45 PM
Subject: [RT] Re: STKl INTC
> Here's a picture of what Earl described below - Lenny
>
> In a message dated 09/25/2000 7:51:00 PM Eastern Daylight Time,
> eadamy@xxxxxxxxxx writes:
>
> > When evaluating patterns around gap days, it is best to use the true
> > range of the day which begins at the prior day close. Now you have
> > Friday as a long range day and Monday as a continuation rather than an
> > outside day. Never-the-less, a day which opens higher and closes lower
> > is bearish. A simple ABC using the high of 01Sep, low of 18Sep and high
> > of 20Sep projects to 43. A true bearish impulse at 162% projects to
30+.
> > I would watch 43 for any signs of a bullish reversal on volume and if
> > there is none, look out below.
> >
> > Isn't it interesting how the initial price decline clearly preceded the
> > news and subsequent rally failed at the 38% retracement. Clearly the
> > word was getting out long before the announcement.
> >
> > Earl
> >
>
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