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Strategies & Market Trends : Investor's Business Daily

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To: -Mad-Jon who started this subject	8/12/2000 1:37:35 PM
From: -Mad-Jon	Read Replies (3) of 164

If the cup-with-handle is a classic formation that everybody seems to be looking for - is it not reasonable to suppose that a stock forming a nice round bottom is going to form the right side of a cup (followed by a handle which should not go below the purchase price)? Why not look for round bottom formations in otherwise strong stocks? In this market of consistently failing breakouts, why wait for the pivot and miss the right side of the cup? Right now, an example would be SYMM . . . Then, if breakouts do hold, the first leg hasn't been missed. My experience is showing me that some "hot" growth stocks tend to vacillate between oversold and overbought; it seems there's tremendous potential in that insight - especially for the trader (as opposed to the investor). Regards, Jon

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