DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: TraderAlan who wrote (9089)	6/22/2000 5:19:00 PM
From: booters	Read Replies (2) of 18137

Alan, interesting example. Hope you don't mind if I add a few thoughts. 10:00 - 10:25 flag pattern failed 10:25 - 11:45 patterns in almost perfect step 11:45 retraction failed 11:45 - 12:00 Flag failed 11:50 - 12:15 retraction too long, shows weakness 11:45 - 12:45 pattern measurement reached but too slowly 12:15 - 1:15 pattern measures to just under established resistance at 82 ( bad sign) 12:15 - 1:50 pattern measurements reached but again even slower, pattern has had to work way too hard. failure comes in the 2:00 to 2:15 bear pattern that measures to below the bottom trend line of the larger triangle. Notice that all the patterns from 2:05 till 3:35 were almost perfect. The overall triangle pattern did fail but I believe it was full of warnings. IMHO boots

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