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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (10104)8/18/2001 10:34:23 AM
From: skinowski  Read Replies (1) of 209892
 
Allan, excellent inspired post on trading a Diagonal… Ever thought of publishing in journals? They should be happy to have it.

Sometime in ’97, I bought a stock on my broker’s advice. It was a ‘good’ company, and the stock looked strong, like it was ready to keep moving up. Shortly afterwards, the company had a negative surprise, and I got burned – to the tune of a nice week of skiing in Europe.

A few days later, leafing through a book in Barnes and Noble, I suddenly saw a chart, strikingly similar to the stock I just bailed out of. The caption read: “Ascending Wedge with Bearish Implications”. I’ll never forget that picture…

Needless to say, I bought the book… TA by Roberts and Magee, the “Bible”…

Been into TA ever since… ;-)
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