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Strategies & Market Trends : Metastock 6.0 for Window -- Ignore unavailable to you. Want to Upgrade?

To: Greg Butcher who wrote (1145)	11/25/1997 8:41:00 PM
From: Craig DeHaan	Read Replies (1) \| Respond to of 4056

I'm always looking for good thoughts, not having enough disciplined ones of my own. Your gap inquiry and specifically the island reversal has me going now. It seems straightforward on the surface. I'm sure with a combination of variable lookback time factors that this sort of chart action can be scanned. I need to reread some of the functions relating to LLV, HHV, HHVBars and LLVBars. There is a GapUp() and GapDown() function in the program that could possibly be used to determine when the +1 and -1 value outputs change over some variable time frame; but how to set the parameters in the scan. That's what I'm stuck on right now. Don't mail off $$ to the guys just yet. These things have a way of emerging in a day or two. Years ago it was a measure of minutes. Not no more. Craig

To: Greg Butcher who wrote (1145)	11/26/1997 11:03:00 AM
From: Dick Brown	Respond to of 4056

I don't know what your time frame is. I think it is impossible to tell where a stock like DELL will be 2 years from now . but should we care either?..When you employ TA methods you are taking a proactive roll. It is a odds game, period. Study to learn when the odds are on your side of the trade. But like everthing if you flipped 100 heads in a row the next flip can still show up heads but the odds( or probability) are there are a pile of tails on the way.. I guess there is a difference between odds and probability. maybe I've mixed them up I can never keep that straight.. Dick.