Harmonic Trading with The Phoenix Message Board

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Strategies & Market Trends : Harmonic Trading with The Phoenix

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To: Woody who wrote (734)	6/10/2003 4:30:54 PM
From: the-phoenix	of 941

Hi, Woody: BMET has a half-way decent Bearish Gartley pattern with harmonic resistance at and just above today's highs. If I were interested in shorting it I would want to wait until it got a little above 30, like at the .786 retrace of the May selloff at 30.28, and then set my stop above the previous high at 31.25. Profit target would be around 28 for a 2:1 reward to risk ratio...

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