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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: donald sew who wrote (24416)	6/18/2000 9:26:00 AM
From: AllansAlias	Read Replies (2) of 42787

> In my "Encyclopedia of Chart Patterns" by Bulkowski, he says that the H&S pattern reaches the price computation only 63%....< >> that is actually quite good, but still only slightly better than flipping a coin << Morning everyone. 63% is a helluva lot better than a coin toss. Also, note that he says "reaches the price computation". Does that mean that there are instances where the trade wins but the measured move is not completed? I like H&S and find it a great trading pattern. I never sell the neckline on the first break, but wait for a pullback. If there is no failure after the pullback, then go long with the "Hound". Unlike many, I find H&S also works well in short, say >=15min, timeframes as well. We had many of them on the NDX during April/May correction. Cheers --Allan

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