Price Patterns - Washboard Pattern Created from Repeated Cycles

The daily price chart for Amerada Hess (AHC) from July 5, 1990 through March 12, 2003 shows an up and down washboard pattern created by repeated brief price cycles.

The percent returns chart shows the profitable (85.13)%) buy and sell combinations in green and the unprofitable (14.87%) ones in red. The general upside trend of the seventeen cycles contributes to the high percentage of profitable buy and sell combinations for the period.

The winners and losers map shows the profitable and unprofitable buy and sell combinations looking straight down with no elevation.

Posted January 30, 2006.