Shawn,
You are correct about the B8 signal on August 6. Then August 21 was a new marked high. The definition of a B8 buy signal requires closing above the last marked high. A high becomes marked in MarketSmith if on an intraday basis the high is the highest high in a 9-day forward and backward looking basis (total of 19 bars including the day being tested). There are no limits to B8 signals in a rally period thus we had another one on September 6. That day was also a B7 Accumulation day buy signal. The exposure count is now maxed out at +7, power trend is on, distribution count is +2. The 8/2/2012 distribution day falls out of the count on Monday close because it will fall out of the 25-day look back window.
Mike Scott
Cloverdale, CA