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Replies to post #112 on J.M.HURST

Replies to #112 on J.M.HURST

JLS

09/30/09 12:38 AM

#113 RE: TREND1 #112

Trend1, are you kidding?

A head with one candle? And a steep decline for a neckline, too.

Even if it works, the expected gain is about 1%, if you are lucky, about half the green channel width of 2%. And you can't start the position until after price breaks out.

Your alias is Trend, not Pattern, nor Head. If you believe the green channel trend, you'd be better off if you played that for a test of its bottom. At least then you would justify your alias of Trend.