Quoting SamDanDislikeddsv,
1.- can you tell me what period MA's you have in post #6, are they SMA or EMA?
2.- i know TOPS is mainly for trend following but based on some initial observations can you tell me if the blue yellow cross for a reversal is more reliable if the cross happens more near the center of the green and red fibo bands? as opposed to being more in the green or red portion? just curious...
the more I understand this tool the more i like it, thanks!
SamIgnored
1. In Post #6, if i recall correctly, i believe those are a 14sma, 150ema and 200sma
2. this is a tricky question and depends on whether the cross is made by an impulsive or corrective move...as impulisive moves are more likely to bring about overall trend change (imho) ... lets consider this example
http://img273.imageshack.us/img273/8...ample455pw.png
notice the difference between the breaks ? the first break (a corrective move) is short and does not test the 3rd red band.. as opposed the 2nd break, where we see the move extend through all three... in this case the second break produces a higher likelyhood of trend continuation following a correction .. does this answer your question ?
the more time you spend watching tops the more intuitive patterns you will begin to recognize and see repeated over and over...
Rgds..