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Non-Tech : Raptor's Den -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (2886)8/19/2002 6:32:08 PM
From: velociraptor_  Read Replies (1) | Respond to of 10157
 
It's not just stochastics, but the MACD convergence indicator mostly. Every time we got to these high levels here the Nasdaq sold off about 30-40%...most of them closer to 40% and it's not a signal that happenes often on the daily.



To: ajtj99 who wrote (2886)8/19/2002 7:08:59 PM
From: stomper  Read Replies (1) | Respond to of 10157
 
I am absolutely no technician, but one point I'm wondering about that I haven't heard much mention of (here and elsewhere)...isn't a H&S typically supposed to move up to (if not even slightly throw over) the breakpoint before returning down to fulfill the patterns' objective? TIA.

-dave


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