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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (62781)	11/18/2000 1:18:03 AM
From: Michael Watkins	Respond to of 99985

BB - hey, I've nothing against them, its just that I was probably short, or flat, before they finished forming ;) You see, I'm most fond of shorting failed test of tops. cheers mw

To: bobby beara who wrote (62781)	11/18/2000 6:44:32 AM
From: HairBall	Respond to of 99985

bobby beara: I agree SecTrader plots a good chart I have stated that several times on this thread. However, my review of his (their) work has been limited to the charts linked on this thread. From my observations, finding correctly plotted charts illustrated on the web are the exception rather than the rule. A lot of folks are finding patterns in every price cluster they see and then illustrating them by drawing inprecise trend lines. Regards, LG

To: bobby beara who wrote (62781)	11/18/2000 5:46:15 PM
From: Saulamanca	Read Replies (1) \| Respond to of 99985

Bobby, I guess beauty is the eye of the beholder.-g- I think people should use what works for them and what patterns they feel most comfortable with. E-wave doesn`t work for me, so should I dismiss all e-wavers? Not me, I enjoy other people`s reads even if I don`t have much confidence in it. I know it took me a while to learn to feel confident using the wedge. (Thanks LG)-g- As far as people jumping the gun anticipating patterns, that happens with all patterns not just H&S. A rising wedge is a bullish pattern (price is rising) until it breaks down. I think people jumping the gun on a wedge is why it runs right through the top of the pattern. It works for me. H&S top on the 15-min NDX with Friday`s rally stopped dead in it`s tracks right at the neckline: siliconinvestor.com When the levy breaks, daily NTAP: stockcharts.com[H,A]DACAYYMY[DB][PB50!B200!C20!D20,2][VC60][IUD20!LF!LL14!LB14!LA12,26,9!LH14,3] BWDIK