SI
SI
discoversearch

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 ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John Madarasz who wrote (46272)7/18/2002 6:35:39 PM
From: ajtj99  Read Replies (1) of 209892
 
John, I think one of the problems with people doubting H&S patterns is that their success or lack of success may be tied partially to the general market direction.

During this bear we've seen lots of inverse H&S patterns, but they never seem to pan out. However, most of the H&S patterns do. I think its possible that during the bubble market skepticism may have grown due to many failed H&S patterns.

Anyway, my theory is that H&S formations on individual equities and indices are extremely reliable when they follow the general market trend.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext