Simplicity in TA

Quote from deucy28:

I'm shopping this inquiry around. The name of this thread caught my attention because no one pair trades as simply as me (reasonably successfully). It's too bad except for last two posts there has only been a two month dry period for posts here.

Without using any software or metrics and just eye balling........... does a 10 year chart for a long term pairs trader willing to stay in the trade for many weeks to a few months have any usefulness at all. In other words, momentarily, disregard more significant short term modalities in the decision making of putting on a trade here.

The operative phrase here: "any use at all" for the prospect of shorting HOT and going long HST.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3598737>

Well someone must believe in the Head & Shoulders.

A report today that a very bearish trader put on an extraordinary heavy put position on HOT (Starwood) .... a hotel chain

http://finance.yahoo.com/news/bearish-trader-checks-starwood-160736212.html
 
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