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To: Shack who wrote (129694)	2/17/2006 8:46:53 AM
From: IHateSourCream	Respond to of 209892

Thanks Shack. I had no clue there was a literary connection! Very creative. Anyway, I'm glad I asked as it sounds like I didn't have the "hound" concept quite right after all. <g> Thanks for clarifying. As for the Eagles, I'm afraid you're correct. It was a pathetic season for them. I still refuse to root for the Giants however. ;-)

To: Shack who wrote (129694)	2/17/2006 9:55:37 AM
From: Perspective	Read Replies (1) \| Respond to of 209892

Of course, when the pattern is expected to have such a break because it happens so often, the "hound" may actually be if the break, upon subsequent backtesting, fails. <g> We have the break of this bearish rising wedge, now a backtest, but the rebound from the backtest has come on substantially weaker volume, and that has me suspicious. Of course for trading, the only line in the sand that one can use is the wedgeline itself, so you'd probably go long the breakout, and hang in there so long as the backtest doesn't fail. BC

To: Shack who wrote (129694)	2/17/2006 10:26:47 AM
From: the-phoenix	Read Replies (1) \| Respond to of 209892

Then there is the "Hound Puppy", or "Hound of a Hound" as in that NDX wedge off the Feb 10th low we were talking about. Back inside your wedge this morning and toying with the lower trendline. Hope I don't jinx myself by mentioning it. <G/NG>

To: Shack who wrote (129694)	2/17/2006 10:31:33 AM
From: skinowski	Read Replies (1) \| Respond to of 209892

OIH yesterday closed above the upper line of that 30 min ED, and today is trying to climb higher. If it crashes back under that line, that would make the break a "hound" - g/ng stockcharts.com[g,a]faclyyay[d20][pb50!b200][vc60][iLa12,26,9][J69676853,Y]&pref=G