9 replies to this topic

[selecto]

[rkd80]

Yuppers, the Qs are showing a bullish engulfing candle and the volume is actually higher than yesterday. Usually these up days come on vapors. The options data will be interesting.

[fib_1618]

And, of course, you know that I'm going to disagree with you...but it's not worth pandering about. Fib

[denleo]

Dave, what is your definition of a key reversal? To me it is an outside bar with a close above prior day high on increased volume (in case of up reversal). Some indexes / ETFs qualify today, some don't. Your thoughts? Thanks Denleo

[selecto]

You are not disagreeing with me, you have a definition different than that propounded by Edwards & Magee and John Murphey, both of whose texts I checked (yet again, yawn) before posting.

Edited by selecto, 27 June 2007 - 04:10 PM.

[Vector]

a move in the same direction as the last 4 yr trend always gets my attention I'll shoot now and won't bother to ask questions later

Edited by Vector, 27 June 2007 - 04:51 PM.

[fib_1618]

you have a definition different than that propounded by Edwards & Magee and John Murphy

I believe that when one attaches the word "key" to anything, that being chief; major; important; essential; fundamental; or pivotal, that there must be something more than a simple definition that would allow such a descriptor to be used in the first place....to separate it from something that isn't "key", and because of it's implied importance of the word used, shouldn't be tossed around arbitrarily.

To me it is an outside bar with a close above prior day high on increased volume (in case of up reversal)

There are three distinctive differences that separate a simple reversal (which could be an outside range day) from that of being "key" that provides the "solution to a problem". In today's case, a "life of contract low" was not attained today, and this would therefore not make today's bar "key" to the overall movements of the price chart.

Fib

[Mr Dev]

And, of course, you know that I'm going to disagree with you...but it's not worth pandering about.

Fib

Fib
I look forward to listening to your thoughts.

We just touched on this a few days ago...didn't we?

I thought someone might be looking for an "outsideday" or KRD with action like this.


Well, folks just to pick up again where we all left off .... my point again will be.... that defining it really shouldn't matter,..

or be in question...! Huh?

Let me explain traders,

...it's like calling a TOP or a BOTTOM.,,. and what the professionals that are making money will focus on is getting tomorrow right.

Last time I said ,...often when we see these Outside Days,..we Often see them followed by an Inside day.

So that's How I playing.

I did win on it last time,.. and I hope to win again this time.

Best

Edited by Mr Dev, 27 June 2007 - 05:56 PM.

[colion]

you have a definition different than that propounded by Edwards & Magee and John Murphy

I believe that when one attaches the word "key" to anything, that being chief; major; important; essential; fundamental; or pivotal, that there must be something more than a simple definition that would allow such a descriptor to be used in the first place....to separate it from something that isn't "key", and because of it's implied importance of the word used, shouldn't be tossed around arbitrarily.

To me it is an outside bar with a close above prior day high on increased volume (in case of up reversal)

There are three distinctive differences that separate a simple reversal (which could be an outside range day) from that of being "key" that provides the "solution to a problem". In today's case, a "life of contract low" was not attained today, and this would therefore not make today's bar "key" to the overall movements of the price chart.

Fib

Gee, didn't know that key reversals only applied to contracts. However, since nobody has demonstrated that one definition is better than another let's all use whatever works for each of us, hold hands and skip toward the setting sun.

[SemiBizz]

Cut the crap... if you don't like someone's definition of key reversal I've heard it 10000 times now. Just get over it. GROW UP.