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To: mishedlo who wrote (51887)	8/30/2002 1:10:21 AM
From: AllansAlias	Respond to of 209892

No. You need a setup. Just reacting differently that you think it should act is not a Hound.

To: mishedlo who wrote (51887)	8/30/2002 1:13:15 AM
From: bcrafty	Read Replies (1) \| Respond to of 209892

mish, not meaning to hound you about this <g> and not meaning to speak for Allan, but I think you are conceptually expanding a simple idea that Allan has, and that you are indeed using the term for uses that were never intended, as I believe his idea applies only to chart patterns. But you can always come up with your own colorful term to apply to the situations you mentioned. We see those situations all the time, as two weeks ago NVDA gave a so-so report and was cautious about the next quarter, and it dropped AH. The next day in premarket it stayed down, and then after open it promptly began zooming to a 30% increase in less than two days - before beginning its descent to lose most of its gain since then. I'm not sure if these very temporary ST movements should really be labelled as anything, as they don't tell us much about where the issue is going from there, unlike reliable chart patterns. Anyway, all this discussion has made me want to go put on Elvis' "you ain't nothin' but a hound dog" before I hit the sack. See you later.

To: mishedlo who wrote (51887)	8/30/2002 2:18:54 AM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

Much of what you posted tonight is simple price reacting the opposite to what one would think the news should dictate. Well, you know well that news doesn't mean shit. If we could trade news, we'd be rich. By the time the news comes, price has already done it's business. The market is not always right about where things are headed, but price is always in front of news. Having said that, if bad news is getting bought, then one has to sit up and take notice. Your examples notwithstanding, I do not see a lot of that here.

To: mishedlo who wrote (51887)	8/30/2002 2:52:16 AM
From: Death Sphincter	Respond to of 209892

The Hounds is when a TA setup doesn't follow thru in the expected direction...as AA cited with the wedge or a H&S doesn't follow thru.the term is old and comes from the Hounds Of Baskerville..the Sherlock Holmes story. murder commited at the Baskervilles country estate..but the dog did not bark while murder was committed, so Holmes figured the dog knew the criminal and therefore it was an inside job. so when the market refuses to 'bark' in response to a perfectly good signal, it gives you the Hounds Of Baskerville signal......so there actually is NO barking involved with the Hounds signal. aren't I just a basket full of stinking worthless information tonite?...thank you