Tuesday, March 2, 2010

S&P 500 - March 2, 2010 - Inv H&S

Surprisingly, I have not seen any reference to an Inv. H&S that is active on S&P. I am sure many have seen it, but I am yet to see it mentioned in places that I have visited

FWIW, here it is -- it measures to 1180

Posted by Piazzi on 3/02/2010 10:48:00 PM

2 comments:

blister said...

Those patterns rarely reach 100%.

March 4, 2010 12:55 PM
Piazzi said...

Thank you blister

If I may make 4 points:

1. everything is theoretical, theory and reality are very different things

2. in reality, even if a pattern works, that is a big IF, one needs to monitor, adapt and adjust

3. I point to a potential setup (emphasis potential), there is a big difference between potential and achievement. I am not saying whether something will or will not happen

4. when you say rarely, do you have any back tested statistics that you can share with us to substantiate your claim?

March 4, 2010 6:58 PM

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