PATTERNS -- So These REALLY Work???

Good charts al c. . I liked the BBI-chart.

I know tradingtutor.com sends out one daily or weekly bar chart once a week. I think PRU had a bearish butterfly in weekly bars. Any comments on PRU ?
 
Quote from Tyren:

Good charts al c. . I liked the BBI-chart.

I know tradingtutor.com sends out one daily or weekly bar chart once a week. I think PRU had a bearish butterfly in weekly bars. Any comments on PRU ?
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Tyren,

Here is a PRU chart - it's a nice patterns with confluence of price AND time.

good luck,
Al C.
 

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Quote from al c.:




Tyren,

Here is a PRU chart - it's a nice patterns with confluence of price AND time.

good luck,
Al C.
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Yes, it is at 1.272 XA-extension, and I think at 1.618 AB-extension. CD is a bit longer than AB in price, I don't know how much that mean (?). It was a "spike" at C.
 
I'm not trying to scan patterns I'm trying to predict them BEFORE they even appear (scanning would then be like a finger in the nose too easy to interest me but I will do it of course) :D. Nevertheless I am only at the beginning of the work :). But frankly I prefer to trade directly my model than the pattern at least on intraday level since it is much more precise than pattern (for why should I wait the neckline since my model can calculate the top :D). Nevertheless knowing that a pattern is forming is useful as shortcut thinking.

http://tinyurl.com/sbfe
<IMG SRC=http://www.econometric-wave.com/market/images/2003/october/dji/251003/Head%20and%20Shoulders%20Pattern.gif>

Quote from Tyren:

Are there any service/newsletters that scans for butterfly, Gartley, 3 drive patterns... (daily or 60 min. bars, US-stocks) ?
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