pkm22
6 posts
msg #38370
- Ignore pkm22 |
10/7/2005 2:59:48 PM
Is there a way to write a filter that looks for head and shoulders patterns as described in William O'Neil's book "How to make money shorting stocks."
O'Neil states that stocks should be shorted after the price passes through the neck-line of the head and shoulders pattern and also through the 50 day moving average. I am new to this site so any help would be appreciated.
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cvamichael
21 posts
msg #38629
- Ignore cvamichael |
10/31/2005 6:27:02 PM
Was there ever an answer to this? Does this pattern filter exist? I would like to use the Head and Shoulders filter as well. Thanks
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riggs
313 posts
msg #38661
- Ignore riggs |
11/1/2005 11:12:24 PM
PKM22 & cvamichael -
Try this:
Always remember, MA'S can appear as holograms if you L@@K at them long enough. Hope it's helpful.
RIGGS
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jficquette
22 posts
msg #39322
- Ignore jficquette |
12/4/2005 2:27:33 AM
head and shoulders are simply pivots 9 times higher in time.
So for a H and S on a 5 min chart look to the 45 min chart to see if their is a pivot there. If so consider likey diection based on the 45 min chart to support the H and S and its typical or expected resolution.
John
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