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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?


To: Tom Trader who wrote (7006)10/22/1998 12:59:00 PM
From: Patrick Slevin  Read Replies (2) | Respond to of 44573
 
<test it out on data going back to about 1985 >

Perhaps I shall. It runs on the Mac though and my data does not go back that far. Not a problem of course. I can buy the data. Perhaps there is a way to get it from Reuters in an acceptable format; I use Reuters now for Net data.

I don't think '85 is suitable, though. Perhaps '88. There were enough changes after '87 to change the game a bit. Even so, we are only talking about less than 160 data points so what the heck.

I don't know if I will live long enough to see a trade all the way through, however.



To: Tom Trader who wrote (7006)10/22/1998 1:15:00 PM
From: Arik T.G.  Read Replies (1) | Respond to of 44573
 
TT,

Re: H&S

It is a classic. The left shoulder on 10/16, the head on the 20th, now building the right shoulder on lower volume.
Target around OEX 510 should be reached 1/2- 1 trading day after breaking the rising neckline, currently at OEX 522.5 SPX 1063.
I speculate that the neckline will be broken today, but if we pass OEX 528 first the formation could be false.

ATG