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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: peter n matzke who wrote (12119)	2/9/1998 2:07:00 PM
From: Al Greenleaf	Respond to of 79273

Peter - Scanning for shapes is a real B****. Also, I would to know what program you use. I have some experience in Quotes Plus and TC2000. You would have to scan for a tight range (using std deviations, possibly), but for how long? How big of a saucer do you want? And, even if we figured THAT out, the tight pattern might not be a saucer. After hundreds of tries, I have concluded that nothing can compete with the human eye for pattern recognition. I tried it and failed. Maybe someone else had better luck. Essentially, I scan for two things that I associate with large price rises: NEW HIGHS (BREAKOUTS) and NEW HIGHER LOWS OFF THE BOTTOM (REVERSALS). If you can scan for those, then you will see your fair share of saucers and other shapes. If I can help with a particular scan, I would be happy to. Regards, -Al