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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: John Madarasz who wrote (46272)7/18/2002 6:35:39 PM
From: ajtj99  Read Replies (1) | Respond to of 209892
 
John, I think one of the problems with people doubting H&S patterns is that their success or lack of success may be tied partially to the general market direction.

During this bear we've seen lots of inverse H&S patterns, but they never seem to pan out. However, most of the H&S patterns do. I think its possible that during the bubble market skepticism may have grown due to many failed H&S patterns.

Anyway, my theory is that H&S formations on individual equities and indices are extremely reliable when they follow the general market trend.



To: John Madarasz who wrote (46272)7/18/2002 9:46:59 PM
From: StockOperator  Respond to of 209892
 
John, I couldn't agree with you more. The H&S pattern has been the most prevalent throughout this entire bear market. Whether you're talking about the top in BRCM in 2000; the massive 2yr in CMGI or RNWK (through 2000); multiyear in BA which is in its right shoulder right now; LEH or FDX the past couple of weeks,,,,, I could easily keep going. It has consistently reared it's ugly head and yet there has been such a under appreciation of it by investors.


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