"Somewhere, something incredible is waiting to be known." -- Carl Sagan
Found a very cool blog a few days ago...the Deep Market blog. Check out the post covering Oversimplified Method for Finding Patterns in Stock Charts here. And the follow-up, Correlation Pattern Matching Explained, here. I have never thought to use the correlation function to find setup patterns. I have only used it in the traditional sense...comparing trading instruments and trading system equity curves. Very interesting.
Might be useful to take this idea and apply towards the Melba Toast logic. Hmmm....
Later Trades,
MT
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