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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: donald sew who wrote (9059)6/13/2001 2:32:39 PM
From: faro  Read Replies (1) of 52237
 
Bonjour Don, All these formations (Diamond, H&S, candlestick, etc) do they really have any impact on the market at all or they are just some kind of "self fulfilling prophecies?

I just would like your opinion on this.

So many people follow cycles and formation that, may be, they just have the impact that traders give to them.

And my second question: For example, the formation of a diamond on the COMPX would normally build the same formation on many stocks which follow the indice like a shadow, would it?

The old question of: Which is first, the chicken or the egg?

Faro
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