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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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