SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Short Selling, Dark Side, Bubble Busting Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: kailuabruddah who wrote (280)2/21/2006 10:28:12 AM
From: russwinter   of 361
 
Read William O'Neill's short selling book this weekend. He goes into a number of classic topping pattern charts, and it's revealing how long these tops often take to form, unless there is a climax top (railroad tracks). Most of the obvious names we look at, tend to be more developing formations.

As we have learned the hard way, often the first high volume breaks have been used by the Pig Men and Bully to conduct run ins of the bears. The pattern O'Neill looks for are stalling wedging actions, with 2-4 rally attempts through the 50 MA on the right shoulder. He also looks for wide, loose, improper late stage bases with a handle. Finally these stocks if they are to be shorted, break through the 50 MA on high vol, after the last rally fails on low vol.

Think a stock like CCL here fits the mold.
stockcharts.com[l,a]daclniay[pd20,2!b50][vc60][iUc20!Lf]&pref=G

One to track for an entry? May need a feeble rally attempt or two?
stockcharts.com[l,a]daclniay[pd20,2!b50][vc60][iUc20!Lf]&pref=G

Same here:
stockcharts.com[l,a]daclniay[pd20,2!b50][vc60][iUc20!Lf]&pref=G

They have some expensive software called Canslim that monitors these formations. Maybe if someone reading has access, save us a lot of chart reading?
breakoutwatch.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News