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

To: bcrafty who wrote (71188)	4/11/2003 11:43:53 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 209892

bcrafty, GZ.... Ground Zero.... he's a SI poster..... and introduced many to the Lindahl Buy and Sell Bar patterns. Here's one from Jan 03.... stockcharts.com[h,a]dahannay[d20021211,20030320][pf][J11618618,Y]&pref=G IMO the individual bars of charts and their groupings (in any time frame) are the most important factor in trading the indexes. My study shows about 34 bar combinations and patterns that give a high degree of forward looking tradable consistency. First comes impelled motion (thought), then momentum (trade), and then a price bar shows up. Bars are actually the last part of a signal...! Volume which is way after the fact is just a backward looking confirming indicator.... not useful for day trading or short-term position trading of index futures (or stocks) IMO. BTW... Sell Wiggle is still in place Price needs to close above the close of the second day to invalidate the read. That'd be 8299-8301 or 878-880 cash About 85% of wiggle formations produce follow through..... When they get broken the move against them is usually strong Hope this answers your question. Lets see what happens...! Chip