Hello; Does anyone know where to find fairly thorough info on 3PB? Does anybody have any experience that they would care to relate as well? Thanks, kempo
kempo, If I'm not mistaken that's a strategy employed by Ral over at undergroundtrader. You might want to take advantage of their free 1 week trial and see what you can come up with.
Here's a site where you can find some more information on Three Point Breaks: http://www.equis.com/free/taaz/3linebreak.html You can also go to www.marketscreen.com to view a quote using this method for free if you register.
They're similar in concept to point and figure charts. Check here: http://www.equis.com/free/taaz/3linebreak.html
You will find a good discussion of the 3PB in Steve Nison's book "Beyond Candlesticks"(John Wiley,NY 1994, ISBN 047100720X). where it is called Three-Line Break. Chapter 6 (pp 167-195) is devoted to this topic.