ABSTRACT
EN9: In this extremely important chapter I have left intact Magee’s usage of “Tops and Bottoms.” It will be less potentially confusing for the reader to think of “highs and lows” as that terminology is commonly used in the business in the modern era. Also, thinking in terms of highs and lows is an important concept in itself. Thus, for a bull trend, higher highs, higher lows. And when this pattern is broken in an important way the trader should be alert for a trend change. And, as the use of eighths is of the essence in Figure 210, I have left the discussion in eighths while the reader knows that decimals are now used in the markets.
