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Hello Bryant,
Gene can explain what it is. To me it looks like its similar to the
Turtle Soup trades in StreetSmarts by Larry Connors.
--
Best regards,
Jim Johnson mailto:jejohn@xxxxxxxxxxxxxxxx
Tuesday, April 09, 2002, 12:07:47 PM, you wrote:
B> Never heard of that pattern , I have read everything I could find on Donchian. Was this part of his description of the channels? Could you briefly describe the set-up. Looks like it is the
B> automatic rally off the decline.
B> Thanks
B> BT
B> ----- Original Message -----
B> From: Gene Pope
B> To: realtraders@xxxxxxxxxxxxxxx
B> Sent: Monday, April 08, 2002 10:13 PM
B> Subject: [RT] Donchian Bounce
B> Once again, on 120 min COMPX, we have a strong Donchian bounce pattern... target once again is the midline, or opposite channel... green previous high is upward resistance. On balance volume
B> (green) did not dip as low as price action.
B> Best regards,
B> Gene Pope
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