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Strategies & Market Trends : STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE

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To: Doug R who wrote (1127)1/3/1998 8:14:00 AM
From: ivan solotaroff   of 2377
 
BDLS

Doug:

Was looking at a three-month chart of BDLS, a stock that has surprised me with its weakness. Noticed that if you draw a trendline from the tops of 10/13, 10/21, 11/19, and 12/8, you get a recurrent pattern of a bottoming loop followed by recovery to the trendline, followed by a bottoming loop ...
Then I noticed a similar pattern with AAPL, which hit the NAZ' Top 10 list yesterday. Both declines are coming out of what may or may not be H&S patterns (I'm still not very good at confirming H&S's).
Needless to say, I have BDLS on volume watch. I'm wondering if you recognize anything in this very wave-like pattern?

Ivan
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