Wedges, triangles, and stuff: Chart patterns for breakouts Message Board

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Strategies & Market Trends : Wedges, triangles, and stuff: Chart patterns for breakouts

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To: HeyRainier who wrote (49)	5/31/1997 9:52:00 PM
From: Doug R	of 257

Rainier, Thanks for the clarification. I wasn't sure if you meant breached back down through a previously broken to the upside resistance line. So far I think you are saying that BROC, TACT and SPTR are now retesting the initial breakout. Heavy volume on a move up off the retest is the best signal. Two stocks I listed were friends of mine for a while. Sometimes they go so fast I don't have the cahonnes to hold them even if they have a good TA score. NDN 15.5- 20 ITEQ 4.75- 7 HMX missed it. I missed JTAX too. I can only watch a couple hundred a week so some just get left behind. Actually it's not just me. I have several people close by who crunch alot of stuff too. They don't want to make time for SI though so I've taken that part on myself. We compare notes every couple weeks then divide the possibilities between us. I got a big load this week. Doug R

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