|
PureBytes Links
Trading Reference Links
|
Cohen's old book on P&F discussed targets.
There never was any statistical justification, but it was similar to something I
had read about targets using bar charts.
Lionel Issen<A
href="mailto:lissen@xxxxxxxxx";>lissen@xxxxxxxxx
<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 4:29
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. 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.Kind regards & happy trading,Jan WillemPS Do you
indeed work with targets in your trading? 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.
|