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Strategies & Market Trends : TA-Quotes Plus -- Ignore unavailable to you. Want to Upgrade?

To: Monty Lenard who wrote (6753)	9/22/1998 9:53:00 PM
From: TechTrader42	Respond to of 11149

I would settle just for the 1st 3/4 of the cup formation. Yes, but I don't think you could do this in QP2 with Martinelli and Hyman's approach. The scan I posted was a quick attempt to find the price pattern they were looking for -- in the cup only, not the handle -- but it looked back only 10 days. If you wanted to look back for even the minimum number of days required to find cups, the program would overload -- using their method, that is. The root of the problem is that cups & handles come in many shapes and sizes, over many time periods. There are, no doubt, ways to simplify the search, I'm sure, but I haven't set out to find any. I was just giving Martinelli's approach a whirl with QP2. Someone could probably come up with a way to simplify Martinelli's method. I'll assign the task to my subconscious, and see if any ideas emerge. (Doubtful.) Brooke

To: Monty Lenard who wrote (6753)	9/22/1998 11:28:00 PM
From: TechTrader42	Read Replies (2) \| Respond to of 11149

You can see in the table on Page 66 (Figure 3) in the cup & handle article in TASC how many days you'd have to scan for. From the left rim to the right end of the base of the cup, Martinelli allows 20 to 130 days. From the right side of the base to the right rim: 3 to 25 days. The handle can last from 2 to 30 days. Then there's the setup before the cup formation. That can last from 2 to 30 days. You can imagine how many formulas and loops would have to be whirling away in QP to catch all the possibilities. I wonder what program he used to get his hits. And the formulas vouchsafed to us in TASC -- after one wades through all the gobbledygook -- are a bit elementary. So the base is less than the rims of the cup. Stop the presses! That headline certainly was a teaser, though: "Cup-With-Handle And The Computerized Approach." The article barely approaches the computerized approach. I'm going to do an article: "The Computerized Approach to Getting Rich in the Market." Point A will be the entry point, and Point B the exit. Point B will be 1,000 times Point A. Revelatory, huh? Brooke