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Re: lowtrade post# 586

Saturday, 04/09/2005 9:02:17 AM

Saturday, April 09, 2005 9:02:17 AM

Post# of 44374
Low, no what I was looking at was where the up crossed the down headed up. On last nites chart and the chart I did as a demo, showed the arron up crossing the aroon down, at or below 30. when the up aroon is heading north and crosses the down below 30, there has been a bigger pop. the same when aroon up heads north and crosses above the 70. I was looking at precisely the size of the pop, I know it signals a reversal, but how much of a reversal was where I was going. I am still backtesting this theory, using gtel as a poster child. So far, with gtel, the theory is true. Currently I am running 5-6 charts a pop, looking at aroons to see if the theory is true for them as well, interesting findings so far. I will post a few over the weekend so you can visually see what I mean. I think its great to know there is a reversal coming, but....how much of one can I expect?

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