Classic TA Workplace Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Classic TA Workplace

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: AllansAlias who wrote (4754)	6/12/2001 6:28:38 PM
From: John Madarasz	Read Replies (1) of 209892

re: Head and shoulder tops, and the "hounds of baskerville" Good points Allan. For anyone interested a great definition of the hounds of baskerville signal can be found on page 105 in A. Elders book "Trading for a Living" fwiw Elder advises going long on the breakout over the head and not the right shoulder...but aggresive traders who rely on many other indicators would indeed probably be getting long on the build off the right shoulder also, I think what a lot of people aren't recognizing is the fact that Head and shoulder formations are a much more valid and reliable pattern in bear, or down trending markets...as are rising wedge breakdowns, which will often roll over into H/S formations upon breaking down. I think everyone is looking for them more because the patterns are playing out more and more often, and meeting their measurements. again, very few seem willing to wait for the next pattern to resolve, it's a gamblers market more than ever...who can stand the most pain. Shorts or longs... Regards, John

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next