Power Bars…Now that’s a power bar…

Posted on Sep 06, 2012 by in Letters

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p70413847164&a=214966864

We often speak -- half humorously -- of power bars, which are, of course those candy bars bicyclists eat.  In our nomenclature a power bar is a bar that stands out from surrounding bars for it's strength and length and position.  White on the upside, or black on the downside it is a sign of unusual strength or weakness and often serves by itself as a signal.  When it powers across a trendline it's significance is magnified.  And its importance as a signal is magnified. We have observed that trends often start with an explosion.

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