Identifying Market Top

[charcoalstick]

An interesting article about market tops:
http://www.financialsense.com/fsu/editorials/mchugh/2006/1203.html

 

[thebull27]

hi thanks for the article

but I think that the drawings on the graphs in the article are incorrect. it looks as if after price had had moved then they tried to apply a new patern. for instance the bottom line at the 2002-2006 megaphone looks very arbitrary.

An interesting article about market tops:
http://www.financialsense.com/fsu/editorials/mchugh/2006/1203.html

 

[damianoakley]

Hi,

I'm not rubbishing the concept, but I have to agree that these patterns do look somewhat manufactured.

In the 1998-2000 example, the market virtually consolidated for a year and a half after the megaphone pattern was identified.


Thanks

Damian

 

[chump]

A tribute to we see what we want to see and find what we set out to look for.