2 replies to this topic

[bearish04]

Yesterday was a key reversal day on the S&P

Open-1503, Hi 1514.83,Low 1500.43 Close- 1501.19

Key reversal day - http://www.incredibl...ey_reversal.htm

Cheers

B04

[lscharpen]

Yesterday was a key reversal day on the S&P

Open-1503, Hi 1514.83,Low 1500.43 Close- 1501.19

Key reversal day - http://www.incredibl...ey_reversal.htm

Cheers

B04

B04,

I don't believe yesterday qualified as a key reversal day. One component of the definition contained on your linked site specified "close below previous low" for a key reversal day following an uptrend. The low of the previous day was 1498.34 and the close yesterday was 1501.19. Maybe that's why nobody noticed, eh?

Lee Scharpen

[bearish04]

Yes, apologies. It does not qualify as a real key reversal allthough it came close Regards B04