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<BLOCKQUOTE dir=ltr
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A title=jan.roberts@xxxxxxxxxxxxxxxxx
href="mailto:jan.roberts@xxxxxxxxxxxxxxxxx";>J.W.E. Roberts
To: <A title=metastock@xxxxxxxxxxxxx
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx
Sent: Friday, October 06, 2000 11:29
AM
Subject: Re: a beauty of a classic
H&S
Hi Theo,If I remember correctly, the drawdown is expected to have the
same number of points as the distance from the neck line to the head.
TL : Thanks Jan Willem : You are right (see my
email to Alex)
Subtract this draw down from the neck line and you have the
target.I've no idea in how far this guideline is founded on statistical
fact.
<BLOCKQUOTE dir=ltr
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TL : my neither.
Kind regards & happy trading,Jan WillemPS Do you
indeed work with targets in your trading?
TL : Yes sir. for example Fibonnaci
retracements. I learned from TonY Smallwood my australian friend (list
member).
Greetings from Belgium (but i am Dutch)
Theo Lockefeer
If so it might be useful to have a discussion
about targets because I think the subject has hardly ever been
touched upon in this forum.At 07:22 06.10.2000 +0200, you
wrote:
List
: Look at BRCM chart and you will find
(starting about July)a Head and shoulder formation
"out of the book" . Has anyone of you
research about the % downsize ofH&S formations
? Thanks and good
weekend. Theo
Lockefeer.
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