LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: AlienTech who wrote (28865)	1/9/2000 11:25:00 AM
From: Jeff Jordan	Read Replies (1) of 43080

this is a classic cup and handle in my opinion....I feel a daily chart is best..but it really does work in almost any intraday chart also. Volume is usually the key to any chart. Notice how vol. almost always hits a low before hitting new highs. it was basing then formed a cup from Oct to Dec...w/ the handle in mid Dec. you always have a second chance to get in...once it dipped to 4 in Jan. it went on to new highs....it should dip to 5 and then the big pay day should come in the 3rd stair step.....from a pure technical read. investertech.com notice how RSI crossed 50 on each move...I use RSI and ease of movement a lot reading/scanning for charts...Stochastics is a shorter term indicator I use...

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