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> Is this one of those Gartley's?
It could end up being a version of one with a .382 AB leg. I'm currently
doing a study of the pattern that, so far, suggests that the reliability of
one with a .382 AB leg isn't as good as other versions - depending on the
rules you set up for them.
Are those Gann fan lines?
I assume you're talking about the gray, angled lines off to the left. Those
are known as "anchor" lines that show whence the associated retracements
and/or expansions come. I believe I recall reading that the Gann fan line
concept is bogus because the angles change when the scale of the chart
changes. I've never studied them.
>
> Does this illustrate support at the double bottom or is it suggesting
> further downside?
Yes. :-) I guess that's where the skill that I don't currently have comes
into play. I can only try to play probabilities, and I just haven't done
enough study yet to understand what the probabilities are for a situation
like this - but I'm working on it.
I'm assuming that the elusive DRPO continues to be exceedingly rare, as I
still don't hear of any via this forum. I wonder what the probabilities are
for the LAL's and whether there has been any attempt to categorize same.
Sure seems like a logical way to approach them. I wonder if Joe's got some
stats of that sort tucked away somewhere from all his research.
Kevin
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