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There is a newer edition called "Technical Analysis of the Financial
Markets", list price $70.00. There is also a Study Guide, list price is
39.95. Both well worth the price.
Lionel Issen
lissen@xxxxxxxxx
----- Original Message -----
From: "Al Taglavore" <altag@xxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, October 10, 2000 9:30 AM
Subject: Re: a beauty of a classic H&S
> Theo:
>
> >From page 119, fig 5.4a of "Technical Analysis of the Futures Market" by
> John Murphy:
> "A triple top. Similar to the head and shoulders except that all peaks
are
> at the same level. Each rally peak should be on lighter voulume. The
> pattern is complete when both troughs have been broken on heavier volume.
> The measuring techinque is the height of the pattern projected downward
> from the breakdown point. Return moves back to the lower line are not
> unusual." Also, "Heavy upside volume on the completion of the bottom is
> also essential."
>
> In my observation, the reaction moves back to the lower break line
> re-affirm the pattern and offer another opportunity to short with
> conviction. It is this feature that distinguish the triple top from the
> H&S.
>
> My chart of BRCM show that the highest close of 273 10/16 occurred on 8-24
> with a vol of 6054800. The reaction low of 248 9/16 occurred on 8-29 on
vol
> of 10521300. Thus, my response to your original post was that this could
> well be a triple top rather than a H&S.
>
> The only reason (hopefully valid) to have this discussion was to better
> hone our TA and chart recognition abilities so that we can better read the
> market and realize the most of the profit potential from various patterns.
> As you are aware, the money is made when one exits, not when when one
> enters.
>
> Al Taglavore
>
>
>
> ----------
> > From: T.E.M. Lockefeer <sky40912@xxxxxxxxx>
> > To: metastock@xxxxxxxxxxxxx
> > Subject: Re: a beauty of a classic H&S
> > Date: Tuesday, October 10, 2000 2:35 AM
> >
> >
> > Hello Al,
> >
> >
> > ----- Original Message -----
> > From: "Al Taglavore" <altag@xxxxxxxxxx>
> > To: <metastock@xxxxxxxxxxxxx>
> > Sent: Friday, October 06, 2000 5:28 PM
> > Subject: Re: a beauty of a classic H&S
> >
> >
> > > Does the volume requirements of a H&S apply to BRCM?
> >
> > Should not the volume
> > > be much greater on the left shoulder, climaxing at the head and much
> less
> > > volume on the right shoulder?
> >
> > TL : Yes al volume conditions are as you described it.
> >
> >
> > Rather than H&S, could we not be seeing a
> > > triple top?
> >
> >
> > TL : What is the difference ? consequences ?
> >
> > Thanks
> >
> > Theo Lockefeer.
> >
> >
> >
> > >
> > > Al Taglavore
> > >
> > > ----------
> > > From: T.E.M. Lockefeer <sky40912@xxxxxxxxx>
> > > To: metastock@xxxxxxxxxxxxx
> > > Subject: a beauty of a classic H&S
> > > Date: Friday, October 06, 2000 12:22 AM
> > >
> > > 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 of
> > > H&S formations ?
> > >
> > > Thanks and good weekend.
> > >
> > > Theo Lockefeer.
> > >
> > >
> > >
> > >
> > >
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