Peter Brandt, ET fav: 'H&S appearing in many equity names'

Well, tonight is a dead line for Trump's tariff, so fundamentals>>TA.

"The US and China are set to impose tariffs on $34 billion worth of goods from the other country on Friday."
 
My daughter is 20 months old. I am sure she would be able to recognize an H&S formation much the same way she is able to recognize a monkey, a zebra or an apple. (She is also able to recognize numbers, letters and selected words, but that are more advanced tasks.)

You have to ask yourself whether it is reasonable to assume the former skill is enough to outperform the market given e.g. the fiercely defended claim of financial academia that any skill is futile in that endeavor?
 
Maverick2608 said:
My daughter is 20 months old. I am sure she would be able to recognize an H&S formation much the same way she is able to recognize a monkey, a zebra or an apple. (She is also able to recognize numbers, letters and selected words, but that are more advanced tasks.)

You have to ask yourself whether it is reasonable to assume the former skill is enough to outperform the market given e.g. the fiercely defended claim of financial academia that any skill is futile in that endeavor?
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That will depend on how she manages her losses.

I wouldn't let her go live for a few more months :)
 
What is the win % on a H&S pattern. Probably not much better than 50%. So not very good at predicting market direction much better than a coin a flip

The point of any signal should be to get a good risk to reward setup. Even if the win rate is 50% then you will still make money in the long run.

So that twitter post is pretty meaning less as a market direction prediction.
 
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