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Strategies & Market Trends : Waiting for the big Kahuna

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To: Chip McVickar who wrote (32683)10/29/1998 6:41:00 PM
From: Moominoid  Read Replies (1) of 94695
 
What's the rule that determines the 51.50 point on the Chase H&S pattern?

The head and shoulders rule is that the low point is twice the price difference between the peak of the head and the neckline.

That scenario didn't play out at all. It go to about 51.75 and went straight up.

David
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