RE: [RT] Head and Shoulders...one more time..

["M. Simms" <prosys@xxxxxxxxxxxxxxxx>]

THEN IT'S NOT A "PATTERN"....IT'S AN INDICATOR...
PLEASE PROVIDE THE FORMULA.
PLEASE PROVIDE THE FORMULA.
PLEASE PROVIDE THE FORMULA.
PLEASE PROVIDE THE FORMULA.
PLEASE PROVIDE THE FORMULA.
Example: swinghigh, followed by a lower swing low, then a higher swing high,
following by a lower swing low that is within 5% of the previous swing low
coupled with volume that is 150% or greater of the past 5 days moving
average volume.


> -----Original Message-----
> From: STUART AUSLANDER [mailto:u.stuart-auslander@xxxxxxx]
> Sent: Friday, July 26, 2002 5:56 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: Re: [RT] Head and Shoulders...one more time..
>
>
> I don't think the definition used in the article adequately
> defines a H & S
> pattern.  The missing factors are volume.  Without it the pattern is
> meaningless.
>
> "M. Simms" wrote:
>
> > http://moneycentral.msn.com/content/p27221.asp?special=msn
> >
> > ole Vick debunks Murphy and other pattern prognosticators.
> >
> > Based on H&S, Nasdaq going negative ? that's a good one !
> >
> >
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> >
> >
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