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and if pigs could fly, they'd have wings!!!!
sometimes its better to fly first class (use visual / brain tools) than
reinvent the kitty hawk (mistaken belief one can easily program complexly
defined price / volume patterns :)))
TJ, a proud mbe anonymous boxholder (om, you nailed that one unknowingly
dude!!!! :))) and devil's advocate
saying it can be done, and then trying to do it in a resumable time frame,
are two different things....i can scan a 100 charts visually with greater
accuracy for the cup and handle pattern (5 minutes tops) than with some
cobbled together program defining the pattern with much less accuracy.
what good is it when it costs more to program some bullshit than the profits
it generates visually....only, of course, if yer a orsp or the programmer
:)) brain, are you a orsp??? :)))
At Tue, 7 Mar 2000 18:19:37 -0800, "Brian Massey" <bnm03@xxxxxxx> wrote:
>Come up with a solid definition and no problem. It's just a parabola
>with a
>vertex, x and y axis and it meets resistance on the upswing. The handle
>is
>a retracement before takeoff. This should be accompanied by larger
>volume
>of course as players come into support price. The distance from the
>bottom
>of the cup to the top should give you an inital profit target. These
>are all
>definable so I don't see what the big deal is. For all of you feely-
>touchy
>types out there, anything less is boarderline-gambling. You can look
>at it
>from every single timeframe you want. This gets kind of advanced and
>Tough
>S--t 2000 might choke on the load. But with the right tools it can be
>done.
>
>
>> -----Original Message-----
>> From: editorial@xxxxxxxxxxxxx [mailto:editorial@xxxxxxxxxxxxx]
>> Sent: Tuesday, March 07, 2000 3:15 PM
>> To: Omega List
>> Subject: Re: STK - chart pattern to die for
>>
>>
>>
>> -- Phil wrote:
>> > Anybody believe in the "cup and handle" pattern yet?
>> > More to the point, can anybody think of a way to
>> > computerize it????? It would need to be independent
>> > of the vertical and horizontal scaling.
>> > These things come in all sizes. How about a template > pattern
>> that the computer would automatically re-
>> > dimension and step through a series of
>> > sizes - checking each for correlation with your stock
>> > charts? Just "slightly" beyond my programming
>> > abilities!
>> >
>> > rgds phil
>>
>>
>>
>> I'd ask Brian Massey. He says that anything can be programmed.
>>
>>
>> Good trading,
>>
>> OM
>>
>>
>>
>>
>>
>
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