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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Davy Crockett who wrote (21711)10/16/2001 4:51:40 AM
From: donald sew  Read Replies (1) of 52237
 
svenlar,

>>>> GE ain't looking too healthy. Overbought??? Charts suggests a possible breakdown is imminent. I guess it depends if it breaksdown through the lower trend line... from the triangle that has developed <<<

Its forming a pattern similar to a TRISTAR formation, only moderately reliable. Text-book definition requires 3 dojis, however Im not as restrictive for this formation where I feel the small bodies for day-1 and day-3 are acceptable. The gap up before day-1 of the pattern also helps.

Dont have a CLASS 1 SELL signal on GE yet, so there is also a chance for a little more upside, not a big chance.
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