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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 3 4:00 PM EST

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To: KymarFye who wrote (62647)	11/17/2000 5:58:13 PM
From: Shack	Read Replies (4) of 99985

Hi KymarFye, Great post. Too much blind faith in these things and not enough empirical evidence. Agnostic is the best way to go here. The H & S is the most abused chart pattern there is and is often applied to time frames which in my experience have proven worthless as prognosticator of price movement. I am a believer in the pattern combined with the volume and time frame characteristics which you espouse. However, I'm on the verge of throwing out the whole concept if the following chart, which exhibits all the proper supporting traits, doesn't confirm toute de suite! stockcharts.com[L,A]DACLYIMY[DC][PB10!B20!B50!B200][VC60][IUC20!LA12,26,9!LD20!LH4,3] Cheers Shack

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