Posted by powerchord on 22nd of Aug 2008 at 11:23 am
Matt --
Based on those stats you can take a profit 93% of the time --
with a good portion of those profits at least 15% -- I didn't think
H&S tops were that reliable (93%) -- what do you think?
hard to say; his statistics are based on perfect patterns, the
trouble is many of us are 'loose' in our definition of H&S
patterns and many other patterns for that matter.
Statistics on H&S tops
VIX
Posted by matt on 22nd of Aug 2008 at 11:16 am
I have a book that gives some statistics on H&S patterns: From Bullowski
H&S tops: Failure rate 7%, Average decline 23%, most likely 15% (though I use pattern height measurement. Percentage meeting price target 63%
H&S
Posted by daniele74 on 22nd of Aug 2008 at 11:28 am
Matt, what do you think of this?
Thanks
Daniele
H & S
Posted by powerchord on 22nd of Aug 2008 at 11:23 am
Matt --
Based on those stats you can take a profit 93% of the time -- with a good portion of those profits at least 15% -- I didn't think H&S tops were that reliable (93%) -- what do you think?
hard to say; his statistics
Posted by matt on 22nd of Aug 2008 at 11:28 am
hard to say; his statistics are based on perfect patterns, the trouble is many of us are 'loose' in our definition of H&S patterns and many other patterns for that matter.
H&S
Posted by powerchord on 22nd of Aug 2008 at 11:29 am
Makes sense -- Thanks