When the market is trending, Ticks function as a MOMENTUM indicator, new
highs in ticks indicate higher prices yet to come. Only buy retracements
in the ticks.
Dec 5 2003
12:18PM
Ticks in a trading range
When a market forms a range after a big move has been made, Ticks mark the
upper and lower ends of the range, much as an overbought/oversold oscillator
would.
Dec 5 2003
12:14PM
Eaxmples of buy/sell divergences in a range.
Quite frankly, we have not seen early as many of these pattern this week,
regardless of waht time frame we look at, as we normally do.
