SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Set the Controls For The Heart of the SUN
IQ 1.955-0.8%1:09 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mark who wrote (233)5/21/1997 2:39:00 PM
From: Doug R   of 1156
 
ST,

That six bar pattern is one of T.D.'s "Waldo patterns". He has quite
a few of them. Thanks for posting it. Since most of them are for
entry only, it is always up to the individual to set the target price.
Glad to hear you've done well in that respect. What kind of % gains
have you found is typical for the six bar pattern? I noticed that in
the middle of Feb. ATML didn't do well on it. With LSI it worked great
in early January.

As for testing the sequential, I've only gone by T.D.'s assertion that it
is a valid signal but I've only felt comfortable with it twice. Both
times, SUNW and ACRT, worked out well for 30%. SUNW took its time and
ACRT was about a week.

I'm also using a system that assigns a "score" (8-56) to the TA of a stock
using multiple periods on 8 different indicators to identify 40% and more
gains on stocks that are just breaking out of T.D and typical chart
patterns and downtrend patterns. A TA stronger than 47 shows that the
breakout is a serious one. I try not to buy until the breakout since
it seems that a strong TA doesn't mean the stock will move. (Sometimes
the smart money ain't so smart)

Good luck and stop by often with some six picks too.

Doug R
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News