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Strategies & Market Trends : Charts for Quick CASH $$$

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To: HeyRainier who wrote (5425)	12/18/1997 6:29:00 PM
From: Galirayo	Read Replies (2) of 9262

[ 8 to 10 NPL ] Hi, Rainier. I don't think it would matter if it traded sideways partially thru the Formation but when looking at many different Symbols one like that would not stand out much unless the 8to10 was within another Formation or getting ready to Bounce off an MA or .. had some other interesting factor. So I wouldn't notice one like that as readily. I don't have the data for today on SRSL but I can GUESS by looking at that Engulfing at the end of the 8to10. The Theory is ... there are only so many shares to sell or buy and 8to10 days straight are usually enough to cause the Snap Back to the Median. A Regression or Fib Retracement. And Yes, some continue to follow the Trend but I plug them in and watch to see When they become too OVERSOLD to continue in the Trend. If you look at them you will see the important ones. Trash the rest. Just the opposite of Shorting a UPTrending Breakout. You see, they won't let me Short in my Retirement Account. So, I like to play the Reverse. BTW: How did I do on the CGEN ... A Triangle?? It came off of the Big Sto List. I'm waiting to see if it will continue now. Pretty good resistance at 21.75. Ray

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