Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Tommaso who wrote (11521)	12/13/1997 10:07:00 PM
From: Lazarus_Long	Read Replies (1) of 94695

I think Bill is the resiedent expert on bear coils, but I'll relate what I know. It is (I believe) the same as triangle or wedge. The chart looks like this: x x x x x x x x x x x x x x x x x x x x x x x x x The x'S are closing prices. While in the coil, each top and bottom stay within the bounds established by the previous oscillation. (It's a damped oscillation if that means anything to you.) When it breaks out of the coil the move is fast and strong. It is usually in the same direction that the stock was going before getting into the coil. A current example is KLIC. ADPT and AMAT have broken out of their coils on the downside. CPQ, KLIC, and XCIT may have also. Some links: iqc.com iqc.com iqc.com iqc.com iqc.com

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