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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Dick Brown who wrote (10568)	6/7/1999 11:29:00 AM
From: Christopher	Read Replies (1) \| Respond to of 12039

Dick, Elder has a chapter on Classical Chart Analysis. With charts you can always predict a minimum target for the move. Elder does not stress this point in his book but he does give an example on page 103. At the chart there is "B target" which is the minimum target for the decline. On this page he says the following: The distance from the top of the head to the neckline (A) provides a target for the decline (B). Charts always give a minimum target for the move including Double Bottoms, Triangles, Head and Shoulder and so forth. Christopher