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

To: Jerry Olson who wrote (16032)	2/19/1999 6:02:00 AM
From: Patrick Slevin	Respond to of 44573

I had this discussion with a fellow on Stock Swap a few years ago. I just don't believe in Dble Tops. I see recently where T. Williams has the same opinion. The reason why Dble Tops "appear" to work is because you never see where they failed to work. That is to say, on a chart once a Dble Top fails you no longer "see" it. Of course I'm usually looking at them intraday so it's even less obvious where the Dble Tops were when you look at a chart. Very often I have stops set at or just under a Dble Top or sometimes even a Buy Stop to go Long. I call this "having a case of the DT's". I'm only setting up for one, perhaps two trades today. Sell an early run up around 10 then take it Long around 10:30 (EST) or Buy an early pullback and hold into lunch, perhaps mid-afternoon.