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To: IHateSourCream who wrote (129692)2/17/2006 4:00:31 AM
From: Shack  Read Replies (5) | Respond to of 209892
 
Sometimes I forget that our language is exclusionary, there's nothing to be embarrassed about IHSC. Except being an Eagles fan of course.-vbg

A "hound" is a just a term we generally use to describe when a chart moves in a counter-to-anticipated direction to a known pattern or technical event. Like a head and shoulders which may crack the neckline only briefly and then reverse back up hard. Or a bearish rising wedge which instead of collapsing, busts up through the top line (as I believe is happening with the $COMP weekly). Its a powerful trading signal.

The term comes from the Sherlock Holmes novel "The Hound of the Baskervilles" where a murder is solved as an inside job due to these dogs, who always bark at strangers, did not bark on the night the murder was committed, they acted counter-to-anticipated.

As for question #2, trust me, you want to see those guys with as much clothing on as humanly possible!-g/ng



To: IHateSourCream who wrote (129692)2/17/2006 2:25:48 PM
From: Henry J Costanzo  Read Replies (2) | Respond to of 209892
 
First....Just got power for the first time all day........Feel like I've been flying blind......and on an opex day to boot......sigh.

Reminded me of the good old days of calling my broker repeatedly to find out what the market and particular stocks were doing.....Things have definitely changed in this racket!!

Hound??..Courageous of you to ask on THIS thread !

An exclusive invention..proprietary...of this thread.....otherwise unknown, unheard of.

I asked that question long time ago, and even had the temerity to question the concept. Got back some pretty snappish, snarling replies. and decided best just to ignore and let sleeping hounds lie...