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> I have not seen that paper, but the NY Fed has done studies on the head
> and shoulders too in the FX markets, and first said that it worked, and
> then that it did not.
on that subject you might be interested inthe following post and link
rgds hans
------- Forwarded Message Follows -------
Date forwarded: Thu, 11 Nov 1999 19:49:24 -0800
Date sent: Thu, 11 Nov 1999 21:58:43 -0800
From: Bill Vedder <bved01@xxxxxxx>
Send reply to: bved01@xxxxxxx
To: "omega-list@xxxxxxxxxx" <omega-list@xxxxxxxxxx>
Subject: Pattern Recognition: Head and Shoulders
Forwarded by: omega-list@xxxxxxxxxx
There has been some interest in pattern recognition on the list
lately. In that vein, some folks at the NY Fed have published quite a bit
of work looking at the "head and shoulders" pattern. Carol Osler has been
doing this since 1994, at least. If interested (the few, the proud, the
brave...) follow this link:
http://www.frbsf.org/system/fedinprint/index.html
Enter "osler" in the AUTHOR section of the search input (or try
"shoulder" in the KEYWORD section). It should take you to a list of
about 4 or 5 of her papers. I know the 1998 paper is available online in
pdf format. The others (and they appear more interesting) will probably
require a trip to the library.
It might be interesting to see, at least, how they go about defining the
pattern. They may even show some computer code, eh?
Best Regards,
Bill Vedder
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