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Re: [amibroker] Help with Analysis



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Untapped:
 
FWIW, a couple of thoughts that you might find 
useful:
 
1.  H&S top is a high percentage pattern with 
only a 7% failure rate
2.  The percentage of patterns that meet or 
exceed price target is 63%
3.  Price target is calculated from the breakout 
which by eye gives a target of 160
4.  Best entry is when are sure of the H&S 
pattern
5.  Another low risk entry or place to 
add-on is after good test of neckline during pullback
6.  Use neckline as your "I'm wrong" 
point
 
Bill
 
 
<BLOCKQUOTE 
>
----- Original Message ----- 
<DIV 
>From: 
<A title=untapped_energies@xxxx 
href="">Russ Ty 
To: <A title=amibroker@xxxxxxxxxx 
href="">amibroker@xxxxxxxxxxxxxxx 
Sent: Friday, August 17, 2001 1:45 
PM
Subject: [amibroker] Help with 
Analysis
Hi,I'm very new to technical analysis. I studied 
thenotes available at stockcharts.com and I'm currentlyreading the 
Edwards and Macgee 7th edition (greatbook!!).I've attached an 
ananlysis of a South African share(which I analysed using Amibroker) and 
was wonderingif anyone had comments or criticism. I'm not asking 
whether I should buy or sell the share.I've already taken a short position 
with a stop atR200, but rather for any criticism (so far the movehas 
gone against my position). I apologise if thismail is not suitable for 
this mail group (please pointme in the right direction).Kind 
regardsUntapped__________________________________________________Do 
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