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Politics : Idea Of The Day
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To: Peace who wrote (33124)9/15/2000 10:07:38 AM
From: Chip McVickar  Read Replies (1) of 50167
 
Peace,

>>Statistically what %age of buy wiggles work out once they form? Thanks.<<

Message 14387543

Apparently completed 3 day wiggles are rare. I don't have a percentage to pass along for over-all formation. Nor do I have any stats for duration and move projections after they form. That remains for some else to compile.

But I can say they can be strong and last until another chart pattern tells you to get out.

The Indexs had a series of them in the last few years, and GZ has descibed them at length on other threads. A search using "wiggle" will pull up a lot of information on the Systems thread and John Pitera's,..., maybe here..?

I've seen the first 2 bars form on many charts and in different periods (30-60-etc) and then never complete with a third bar. But they can extend out to 5 and 7 days.

Chip
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