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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: bearshark who wrote (37895)	3/3/1999 8:21:00 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 94695

bearshark, I've got Murphy's work here on the shelf and a few others. I will take a look at Edwards and Magee. See if they are comparable. You answered another question of mine on probability and what percentage of these formations actually complete. What you suggested makes a lot of sense. The percentage of completion is important, but only as to the number of traders who use them. I doubt data exists as to what % of H&S or Triple Tops come through as expected.... Atleast often enough to warrent books on them. This whole sideways 3 month formation is a beauty.... I will be sorry to see it move on. FWIW It seems like a large correction without the down side numbers. So much energy and rotating money. But during this entire period the TRIN has never broken 0.05 to the positive, but has often visited 2.00 for the sell side. Thank You Again.... My Best Chip