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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (42263)	2/7/2001 5:35:01 PM
From: Doo	Read Replies (1) \| Respond to of 42787

Paul. Other than those two rules you listed....drawing off a low and a reaction high....what other requirements do you have for drawing patterns? How many touches, or do you require a number of reversals for a valid pattern? Thanks.

To: Paul Shread who wrote (42263)	2/7/2001 5:58:22 PM
From: John Carson	Read Replies (2) \| Respond to of 42787

Paul, I guess all I am trying to say is that there is some experimental error in charting, just like in our voting system as we recently found out. With the points you chose, you can probably claim that we broke the channel, but it did not break it by enough that it is a clear break and means we are definitely heading down from here. The first low point you chose was not a reaction point, it was the opening price of that day, which occurred before Greenspan cut rates, the first high you chose was a reactionary point because it happened after AG cut. All I said in my last post was try using closing price from day before AG cut and maybe we are still in channel. BTW, you do great work, right now it is make or break time for the market, tough to bet money on your chart right now, it could go either way. BTW, I am long and fully margined as of yesterday, so I am hoping we are still in the channel and we go up from here.