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trade2much

10/29/10 8:11 AM

#7045 RE: NYBob #7044

NYB thanks very much. I have known about P&F but not familiar with it. With the X break above the previous X (buy) and the O break below (sell) that sounds basically like trending higher highs and higher lows are a northern trend and the opposite is a southern while if it is mixed it is sideways and waiting.
Correct me it that is a misinterpretation.

TIA