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Strategies & Market Trends : Chart Formations

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To: Casaubon who wrote (243)	9/18/1999 6:29:00 PM
From: sean sanders	Read Replies (3) of 967

Casaubon and All, I would tend to feel that IFLO is a desc. tri until it proves it wrong. ie if it starts acting like something else then call it that. The stock it holding very much above that horizontal plane. important side note geocities.com Here is a desc. tri that I played that actually did turn out to be a desc. channel or flag or wedge (not quite sure). I thought this was a beaut. when I saw it so I bought some puts on the day indicated. When buying options it is not that feasible to buy then sell if it changes direction on you. You loose too much of your investment; I figure just hold and hope that it comes back around which in my case it did. I see now that I sold too early; but I am glad for the T.A. experience. I thought I had it pegged as a desc tri and I bought in at the break out. Maybe I should have looked for more volume. any comments? Sean

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