SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?


To: Peace who wrote (33124)9/15/2000 10:07:38 AM
From: Chip McVickar  Read Replies (1) | Respond to of 50167
 
Peace,

>>Statistically what %age of buy wiggles work out once they form? Thanks.<<

Message 14387543

Apparently completed 3 day wiggles are rare. I don't have a percentage to pass along for over-all formation. Nor do I have any stats for duration and move projections after they form. That remains for some else to compile.

But I can say they can be strong and last until another chart pattern tells you to get out.

The Indexs had a series of them in the last few years, and GZ has descibed them at length on other threads. A search using "wiggle" will pull up a lot of information on the Systems thread and John Pitera's,..., maybe here..?

I've seen the first 2 bars form on many charts and in different periods (30-60-etc) and then never complete with a third bar. But they can extend out to 5 and 7 days.

Chip



To: Peace who wrote (33124)9/15/2000 1:06:27 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 50167
 
Once a valid wiggle is completely formed, the reliability of a good trade in that direction is about 85% which makes it worth watching for... very briefly, the wiggle pattern reflects the trader's or investor's indecision about the market at that price and a change in direction of the trend.....

GZ