Posted by lessarda on 24th of Jun 2011 at 01:01 pm
"the question for technically inspired traders - did we hit a
three peaks domed house top in April for Mr Market?"
He may have written about it but I don't subscribe...
The pattern looks too complex to be repeatable and to be
reliably identified -- but maybe the component parts are all
legitimate patterns that reflect the sequence of greed & fear
at tops.
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Doug Kass thinks we have Lindsay's 3 Peaks / Domed House in play...
Posted by lessarda on 24th of Jun 2011 at 12:53 pm
Any thoughts on that?
probably the most over-rated pattern
Posted by PA on 24th of Jun 2011 at 12:56 pm
probably the most over-rated pattern ever. How many times have guys said that in the past ten years?
That said, do you have a link to Kass, because sometimes he is prescient
No link to Kass...
Posted by roamingjan on 24th of Jun 2011 at 01:03 pm
But here's a write-up today by Carl Futia:
http://carlfutia.blogspot.com/2011/06/lindsays-dome-houses.html
Thanks for the Futia link.
Posted by lessarda on 24th of Jun 2011 at 01:07 pm
Twitter feed:
Posted by lessarda on 24th of Jun 2011 at 01:01 pm
"the question for technically inspired traders - did we hit a three peaks domed house top in April for Mr Market?"
He may have written about it but I don't subscribe...
The pattern looks too complex to be repeatable and to be reliably identified -- but maybe the component parts are all legitimate patterns that reflect the sequence of greed & fear at tops.