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No, I would short AFTER the neckline is broken and the downtrend is
confirmed. If the bearish indicator is confirmed, you don't have to worry
about loosing a few points of profit.
-- John
On Tue, 16 Jul 2002, M. Simms wrote:
> Subject: RE: [RT] John Murphy notes: the market isn't "cheap"
>
> If that's the case, then you should be heavily short....
> on anticipation of the neckline "break".
>
> > -----Original Message-----
> > From: Adrian Pitt [mailto:apitt@xxxxxxxxxxxxx]
> > Sent: Tuesday, July 16, 2002 5:37 AM
> > To: realtraders@xxxxxxxxxxxxxxx
> > Subject: RE: [RT] John Murphy notes: the market isn't "cheap"
> >
> >
> > You mean I can trade a Head and Shoulder top for a small risk and make a
> > great gain on many occasions, 50% of the time? Your right...sounds
> > pretty ordinary...i want something that works 90% and makes 10/1 reward
> > to risk.. :-)
> >
> > Adrian
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