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 ()	9/5/1997 1:47:00 AM
From: HeyRainier	of 257

I sold GEN at 28 1/4...the stock gapped down and sold after the gap filled. I may regret it, but the gap down concerns me, plus I was expecting to take profits at the level equal to the distance the stock retraced from its (then) resistance level. So for example, if stock went to 20, dipped to 15, and then advanced again, I would expect the price rise to halt or slow down at approximately 25. The gap down only convinced me to heed that advice. Rainier

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