To Tom, Eric, Ben, Jan, Preston, and all....a graduate school p&f charting question:
After a 2-1 stock split (or any split for that matter), DWA and Chartcraft, of course, must reconfigure that stock's p&f chart. Specifically, TJX just had a 2-1 stock split. Before the split, the stock had a High Pole Top at $52, it's 2nd in 9 years. The post split chart does not reflect this HPT, but this does not invalidate it's occurrence. However, someone looking at TJX's chart now would have no knowledge that it ever happened. My question I guess is, how do chart patterns that occur prior to a stock split impact a chartist's analysis of the post split p&f chart where the pattern no longer exists? I've run into this problem a number of times over the years,but now I finally have a forum available where it's possible to discuss this issue. I've neglected to run this question by Michael Burke for some reason or other over the years and I now throw it out to the thread to ponder.
Have a great Sunday, everyone.
Bruce |
