Replies to post #71801 on ajtj99's Market Pulse

[skono4]

As Ted Williams would tell ya, his eyesight alone isn't why he was a great batter: -- He not only hit, he knew how to hit; there was no keener, more devoted, more articulate student of the art.
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Seeing at 20 feet what the average man sees at 10 is an incredible advantage when hitting a 90 mph fastball . Think about WHERE Ted was able to pick up the ball and get a read on the pitch compared to everyone else. I bought his book on hitting where he diagrams the strike zone and what kind of average you will hit for from each section of the zone. NORMAL human beings don't have time to sit and wait on the first coupla strikes to select the ideal ball to hit. Sure, you still have to learn the trade but I would compare it to being built like Shaq or Wilt the Stilt for the NBA.


Oh, and I see the H&S pattern

[LG]

TheFreep: Well I agree, it doesn't look like a H&S to me. Can you have a complex left shoulder and only a normal right shoulder? Doesn't read right to me. Either way I vote no on the H&S pattern.

However, Newly2B's triangle gets two thumbs down from me as well. Newly, go to Kevin Matras' site and check out the line drawings of the patterns on his site. That triangle of yours really doesn't begin from a trend.

Third, some times it is best to just recognize there is no pattern.

All of the above, IMO, FWIW, Bla, bla bla...gg

However, in this case there is in play a very rare pattern, one I first discovered during my days authoring the "Road Kill Technical Analysis Updates".


See if you can spot the very hard to see GOLDEN OVAL pattern and what it portends...gg



LG

[ajtj99]

Freep, the neckline break determines whether the pattern is activating. Extending the line to the right allows a graphic representation of the neckline location so the break or back-test can be observed.

Since price does not go back in time, it is not necessary to extend the line back to the left in order to define your left shoulder. Nothing is served by extending the line to the left if it is a normal H&S top pattern. If it is a complex pattern, it is necessary because you have interaction at many points.