Spring/Upthrust System

Introduction

The original set o rules came from a book by John R. Hill.
They were reoffered by another vendor and sell for $100.

Long entry rules

Pivot Point Low: Lowest point in a movement prior to penetration of a daily high. Close must be above previous close on day of penetration of that high.
After pivot point, wait for penetration of that low. Go long on the close of day that:
1. Closes above two previous closes.
2. Close is above the pivot point low.
3. Close is above opening price and above the midrange of the day action.
4. This day range is greater than the previous day's range.
5. This reversal day occurs no later than six days after penetration of pivot point low.

Short Entry Rules

Exact opposite of the above. In other words, look for penetration of pivot point high and then reversal down.

Initial Stop on Long:
One tick below the extreme low after entry.

Initial Stop on Short:
One tick above extreme high after entry.

Trailing Stop:
Always move stop up to next pivot point low.

Exit Rules on Buys:(Exit Rules for Shorts are Opposite)
1. Only on execution of stop or on a sell signal.
2. After a $1000 profit or rule 1.
3. Four days after entry or rule 1.
4. Move stop to a point of entry if position is at a profit after four days and then exit via rule 1.