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The ongoing difficulty in testing/trading a chart pattern is in
identifying the pattern unambiguously. I haven't seen that done -
although it isn't inherently impossible.
A prime difficulty with Bulkowski's work is he "eye-balled", rather
than define chart patterns specificly (encode it). He has
downloadable software on his site for pattern identification - a
small step in the right direction.
--- In equismetastock@xxxxxxxxxxxxxxx, superfragalist <no_reply@xxx>
wrote:
>
> To save newbie's a lot of money, Equis left the chart pattern
matching
> out of MS. To make Reuters more money, Equis came out with a couple
of
> plug-ins that do some basic pattern matching for newbie's that
insist.
>
> Pattern matching is more in the eye of the beholder than on the
chart.
> You can make more money with Rorschach patterns than you can with
the
> typical TA chart patterns.
>
> Bulkowski's Encyclopedia of Chart Patterns is the strongest evidence
> that this is a waste of time.
>
> Show me the back test results for a common chart pattern! I guess
> those are like the Elliot Wave back tests I'm always seeing.
>
> Super
>
>
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "bdlagno" <bdlagno@> wrote:
> >
> > my quastion is can metastock find pattern matches for example cup
and
> > handle or W or flying saucer
> >
> > P.S. if you go to
> > http://www.tdameritrade.com/tradingtools/patternmatcher.html
> >
> > this is what i want metastock to do
> >
>
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