[dlevels] B&B's and trend trades

["Kevin Bryant" <mntlblok@xxxxxxxxxxxxx>]

If  that's directed at me, it's because it 
looks like DRPO's often do mighty well.  I'll look at B&B type 
situations as part of another setup, but I don't find them reliable enough to 
trade on their own.  Based on what you've described, you need more than 
what's in the book to make them work.
 
As to trend trades, based on trend lines that I 
drew on TC2000 charts over a period of time, and the watch list that I kept of 
what might have made low risk trend entries - near the lower trend line of an 
uptrend and vice versa - I came to know the 'head and shoulders' from all the 
'trend trade' failures that I was finding.  Turns out that I was drawing a 
lot of necklines.  Tom Bulkowski rates them (head and shoulders tops and 
bottoms) highly in his new book and I'm finding them to be right handy, 
too.  Using dlevels for judging the pullbacks to the necklines 
for low risk entries is looking most promising, too.
 
Speaking of Tom's book, his research showed that 
double tops and bottoms had the best results when the tops were quite close 
together.  Sound familiar?
 
Kevin
 
 
<BLOCKQUOTE 
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  Why are you looking at Double-Repo's? 
  You weregoing to stick to B&B's and Trend trades, 
  No????-Neal.
   






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