Saturday, July 2, 2011
INPH's DeMark Box was Preceded by 3 Day Equilibrium (3DE)
3DE is described in John Hill's Book, "The Ultimate Trading Guide:" 3rd day range greater than 1st two days' ranges; 3rd day low higher than 2nd day low; 3rd day close greater than 62% of 3rd day range. Day 2 and 3 of the 3DE were the 1st and 2nd days of the DeMark Rising Close Buy. These two patterns occurred while the CCI was still negative and three days before the MTI Buy Signal flashed.
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