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Strategies & Market Trends : Classic TA Workplace

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To: mishedlo who wrote (51887)	8/30/2002 2:52:16 AM
From: Death Sphincter	of 209892

The Hounds is when a TA setup doesn't follow thru in the expected direction...as AA cited with the wedge or a H&S doesn't follow thru.the term is old and comes from the Hounds Of Baskerville..the Sherlock Holmes story. murder commited at the Baskervilles country estate..but the dog did not bark while murder was committed, so Holmes figured the dog knew the criminal and therefore it was an inside job. so when the market refuses to 'bark' in response to a perfectly good signal, it gives you the Hounds Of Baskerville signal......so there actually is NO barking involved with the Hounds signal. aren't I just a basket full of stinking worthless information tonite?...thank you

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