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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (1946)6/2/2000 10:31:00 AM
From: Chip McVickar  Read Replies (1) of 33421
 
John,

Here's an earlier post of mine on the pattern site...

Well.., I don't know that much, I've only looked at a few that he has publically posted.

But like price bars on charts that form patterns which seem to repeat and predict market psychology (wiggles) some traders have discovered that there are patterns within days that repeat themselves and predict market psychology. These days run in cycles as well as trading patterns for buy and sell points.

There are 3 and 5 bar patterns that are very accurate on any time frame....why shouldn't there be 3 and 5 day patterns that are accurate and even the times within those days for anticipated movements...?

Try printing the page and watching the swings and see if the times posted generally match up. When they fail that is also a signal and needs to be traded much like fork time projections....very nibble and quick.

It's an art form....much like P&F charts.

Patrick Knows

Chip
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