Re: a beauty of a classic H&S

["T.E.M. Lockefeer" <sky40912@xxxxxxxxx>]

1)  Thanks Lionel and thanks Al,

2)  in my observation

     all peaks are NOT a the same level  in BRCM  but it's only my humble
opinion :)


    " Similar to the head and shoulders except that all peaks
       are at the same level "

     have had now 16 winning trades in a row(mainly  in this puppy) and the
party
     isnot over yet.........................

    (look out the losing one is never far away)


Al : i fully agree on your remark :

> > 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.


Thanks again

Theo Lockefeer.






----- Original Message -----
From: "Lionel Issen" <lissen@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, October 10, 2000 9:28 PM
Subject: Re: a beauty of a classic H&S


> 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.
> > > >
> > > >
> > > >
> > > >
> > > >
>
>