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Strategies & Market Trends : Charts for Quick CASH $$$ -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (5447)	12/30/1997 1:29:00 PM
From: Michael R.	Respond to of 9262

Thanks for the reply Ray. By Perfect Examples I assume you mean a hypothetical chart producing perfect ascending triangles, etc. I find candlestick patterns are much easier to program because they are based on, at most, three or four consecutive trading days. Indeed Metastock has dozons of these patterns built-in, but I have not had tremendous success trading on candlestick analysis. The problem with good triangles, wedges, etc is that one has to deal with the internal peaks and troughs. Metastock has "peak" and "trough" functions, but they are dependent on a sensitivity factor - make it too small and you get lost in the noise, too big and you miss important turning points. I'll continue to follow your posts, which are most interesting. Regards, Michael