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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Chip McVickar who wrote (34789)10/1/1999 9:45:00 AM
From: HairBall  Read Replies (1) of 44573
 
Chip McVickar: Of course patterns are not 100%, but I only follow those that I have deem good percentage plays. I must point out the shorter the formation the less reliable, but once again that depends on the formation.

Also, formations are often negated a Market turning points, so I always use additional indicators. I have found using formations, trend lines and price action areas very useful for timing entry and exit points.

My take on formations is that they are patterns of investment behavior.

Regards,
LG
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