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I grew up alongside my Dad, who traded futures for a living. He would do a
lot of analysis based on Gann patterns, Elliott Wave, etc. I now use chart
patters to get the 50 thousand foot view of the market, but I rely on
signals generated by more sophisticated computer software before I trade.
I am also a firm believer in Point and Figure Charting. I whish Equis would
equip MS with the tools necessary to scan for P&F patterns using the
Explorer. Does anyone else have any thoughts on this? Or, is there already
a good product on the market that does this?
David Radtke
(Embedded
image moved metastock-list @ metastock.com
to file: 10/17/97 11:12 AM
PIC00965.PCX)
Please respond to restes@xxxxxxxxx
To: Greatelto @ aol.com, roffey @ stocknet.co.za, metastock-list @
equis.com
cc: (bcc: David Radtke)
Subject: Re: Dow Update
Patterns are in the eye of the beholder, like beauty. When we did not have
information or computers, It had more importance. I would rather use
indicators that provide precise triggers that I have tested and trust.
I remember patterns but wouldn't think of trading off them. More for the
smoking jacket set, than today's market.
Richard Estes
-----Original Message-----
From: Greatelto@xxxxxxx <Greatelto@xxxxxxx>
To: roffey@xxxxxxxxxxxxxx <roffey@xxxxxxxxxxxxxx>; metastock-list@xxxxxxxxx
<metastock-list@xxxxxxxxx>
Date: Friday, October 17, 1997 12:45 PM
Subject: Re: Dow Update
>Clive....
>
I would be curious to know if
>there are any "oldtimers" in our group who rely on visual chart pattern
>interpretation. If so, why don't you speak up....maybe we can get a
dialogue
>going.
>
>
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