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As mentioned by somebody else, see Bulkowski's book, "Encyclopedia of Chart
Patterns". That defines the patterns mathematically...
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Steven W. Poser, President
Poser Global Market Strategies Inc.
http://www.poserglobal.com
swp@xxxxxxxxxxxxxxx
Tel: 201-995-0845
Fax: 201-995-0846
-----Original Message-----
From: Stan Book [mailto:sbook@xxxxxxxxxxxxx]
Sent: Wednesday, November 15, 2000 8:35 PM
To: realtraders@xxxxxxxxxxx
Subject: RE: [RT] patterns and systems
-----Original Message-----
From: Ira Tunik [mailto:ist@xxxxxx]
Sent: Wednesday, November 15, 2000 3:57 PM
To: realtraders
Subject: [RT] patterns and systems
I have read a lot about patterns lately in this group. The cup and
handle has come up a great deal of late. The bad thing about these
patterns, whether it be cup and handle, head and shoulders, pennants,
flags or any of the other myriad of formations is that they don't work
consistently enough to base a trade upon. You are always guessing and
under many market conditions these guesses are incorrect.....
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Is it possible to determine which occurrences of a pattern are most likely
to be profitable?
Has anyone looked at pattern/indicator corrrelations (for example, momentum
or accumulation studies)?
There otta be a way.
-Stan
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