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Strategies & Market Trends : Classic TA Workplace

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To: IHateSourCream who wrote (129692)	2/17/2006 4:00:31 AM
From: Shack	Read Replies (5) of 209892

Sometimes I forget that our language is exclusionary, there's nothing to be embarrassed about IHSC. Except being an Eagles fan of course.-vbg A "hound" is a just a term we generally use to describe when a chart moves in a counter-to-anticipated direction to a known pattern or technical event. Like a head and shoulders which may crack the neckline only briefly and then reverse back up hard. Or a bearish rising wedge which instead of collapsing, busts up through the top line (as I believe is happening with the $COMP weekly). Its a powerful trading signal. The term comes from the Sherlock Holmes novel "The Hound of the Baskervilles" where a murder is solved as an inside job due to these dogs, who always bark at strangers, did not bark on the night the murder was committed, they acted counter-to-anticipated. As for question #2, trust me, you want to see those guys with as much clothing on as humanly possible!-g/ng

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