George Lindsay and the Art of Technical Analysis: Trading Systems of a Market Master (Frank Feng's Library) by Ed Carlson

Author:Ed Carlson
Language: eng
Format: epub, mobi
Publisher: FT Press
Published: 2011-08-23T16:00:00+00:00

Bottom to Top Counts (BTC)

“They are of the same duration as Top-to-Top Counts and are frequently found in long bull markets. But they begin at any sort of bottom, not just at the low point within a top formation. They are much less likely to result in a big decline than a true Top-to-Top Count.”

Bottom to Top Counts, or BTC, occur fairly frequently. They are the simplest of all key dates to recognize because one need not bother identifying a Key Range. They are nothing more complicated than counting forward 107 days from a bottom to a possible top. Look for these counts when markets exhibit an extended rise. Or rather, start counting from recent bottoms during an extended rise. When an analyst starts asking himself, “Where IS the Key Range?” chances are the BTC is the appropriate count to be considering. When a key date does not fall within a Key Range, then the market decline following the 107-day count is unlikely to be anything greater than of intermediate scope (see Figure 8.6).

Figure 8.6. Bottom to Top

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