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To: ChanceIs who wrote (111977)	10/16/2008 9:15:15 AM
From: chowder	Read Replies (1) \| Respond to of 206184

>>> There is also the consideration that TA is a self fulfilling prophecy. TA has some predictive power because many believe in it and they have agreed upon a rule book. <<< Let's assume that's true. If it is, then doesn't that mean you should be able to anticipate future price movement? If something is self fullfilling, then by all means, we should be able to profit from it. >>> Please discuss the time resolution you applied in making your assertion about the kangaroo tails. Please tell me if the expected behavior then applies within that time domain only <<< I don't know what Q8's response will be, but if looking at a daily chart, the daily signal is good for 1-3 days, depending on the trend and market conditions. In today's current market environment, the daily signal is good for one day or less, an ideal set up for day traders. A one minute signal is good for 1-3 minutes, etc.

To: ChanceIs who wrote (111977)	10/16/2008 10:41:29 AM
From: Q8	Respond to of 206184

Chancels.. are you in the Washington, D.C. area. I went to George Washington University...Master's Degree.. graduated in 1989...loved it...unfortunately I got dragged to Boston because of my wife! Take a look at BHI for a perfect example of the Kangaroo Tail.. Ok.. here goes.. a kangaroo tail is a one day spike in the direction of a trend, followed by a reversal. It takes a min. of three bards to create a tail.. basically narrow bars in the beginning and at the end, with an extremely wide bar in the middle... that middle bar is the tail,.. when it starts to hang out you know it is a tail... When a market hangs down a tail, go long in the vicinity of th base of that tail.. once long, place a protective stop about half-way down the tail.. if the market starts chewing its tail, run without delay.. When a market puts up a tail.. an in the example of BHI above, go short in the area of the base of that tail.. once short, place a protective stop about half way up the tail.. If the market starts rallying up its tail, it is time to run.. don't wait for the entire tail to be chewed up. Just another piece in the quest for Perfect Information Value of Perfect Information = return with perfect information - expected profit without perfect information.