Three Peaks and a Domed House (2012 version)
Posted By Barry Ritholtz On October 23, 2012 @ 11:30 am In Markets,Technical Analysis,Trading | Comments Disabled
TP&tDH
[1]
Hat tip Doug Kass
Some friends who are technicians are all hot & bothered by the above 3 Peaks and a Domed House pattern.
As I have said in the past, I have no idea what the long term track record of this pattern is is; I saw some good calls of TP&tDH in 2000, and bad calls of such in 2003 and 2005.
I present the above chart without opinion other than to say it is interesting.
Previously:
3 Peaks and a Domed House ? (October 24th, 2003 [2])
Three Peaks and the Domed House redux (December 3rd, 2004 [3])
See also:
Three Peaks and the Domed House – Revisited [4], Barclay T. Leib, Sand Spring Advisors (January 14, 2000)
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2012/10/three-peaks-and-a-domed-house-2012-version/
URLs in this post:
[1] Image: http://www.ritholtz.com/blog/wp-content/uploads/2012/10/ThreePeaksandtheDomedHouse-rev10192012at125pm.png
[2] October 24th, 2003: http://www.ritholtz.com/blog/2003/10/3-peaks-and-a-domed-house/
[3] December 3rd, 2004: http://www.ritholtz.com/blog/2004/12/three-peaks-and-the-domed-house-redux/
[4] Three Peaks and the Domed House – Revisited: http://www.sandspring.com/articles/tp.html
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