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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (10418)	11/22/1998 9:47:00 PM
From: Sal D	Read Replies (1) \| Respond to of 29382

Sergio, what is the name of the book you have on DeMark, I think I'll check him out. As far as the H&S calculation you are correct,(equal upside movement to its previous downside movement) You measure from the neckline to the head and apply that measurement from the neckline up and that is your target. I will also add as you did that DHI has not broken out of anything yet and may not, (watching volume and price) and if it does there is no guarantee it will ever hit it's target. I just happen to notice that the breakout level and target were virtually the same with both techniques. It will be interesting to see how it plays out. I'm not long SHOO(just looking), but I hope your wrong on the market not being able to distinguish the two stocks as separate entities. I give the market more credit then that (maybe that's one of my problems) I'm watching GNLB this week, another TA experiment. Joe