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

To: Henry J Costanzo who wrote (129482)	2/13/2006 4:34:56 PM
From: Win-Lose-Draw	Read Replies (4) \| Respond to of 209892

...validity/reliability of the "indicator soup"...much discussed...but not in a long time... Are you trying to bait me? -bg- This is from something someone dropped in my inbox over the weekend, just tossing it out for AH fun... Let's take, for example, the popular "head-and-shoulders top" pattern. The criteria for entry in this pattern is to short on a break of the neckline. First of all, if I know that many will be shorting there and I also know that the only way I can profit is if others enter after I do, it is the last place I want to short... ...if everyone is taught to enter on a break of the neckline and the trader wants to join them, who is left to sell after the trader?