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Re: a beauty of a classic H&S



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Thanks Henry

Did you allready recieve the books ?

Theo Lockefeer.




----- Original Message -----
From: "Henry Abelman" <henry@xxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Wednesday, October 11, 2000 4:15 AM
Subject: Re: a beauty of a classic H&S


>
>     I just ordered both from the internet site buy.com
>     It was much much less expensive.
>
>     I compated it to amazon.com and local book stores.
>     I think yo will save a lot of money at buy.com
>
>
>
> ----- Original Message -----
> From: Lionel Issen <lissen@xxxxxxxxx>
> To: <metastock@xxxxxxxxxxxxx>
> Sent: Tuesday, October 10, 2000 3:28 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.
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> >
>
>