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Strategies & Market Trends : TA Science Projects & Experimental Indicators

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To: ftth who wrote (64)	2/7/1998 12:21:00 AM
From: ftth	Read Replies (1) of 237

[The "standout" chart pattern]: One setup which appears to have a high probability of upside at present is a stock which had a large run-up to late last year, corrected no more that about 2/3 of that gain, (but at least 25%) consolidated in an "orderly" manner, and breaks out (with volume) to the upside through the 50 SMA on a wide range day (in other words, it is beginning to form the right side of a potential cup pattern). This is the same situation that worked oh-so-well at the beginning of May 97, and in general tends to work well coming out of a correction. I'd like to work on a scan for this over the weekend, rather than just coming across them randomly. Here's a few examples: TKLC, AATT, JBIL, NICEY (although NICEY hesitated a little after clearing the 50MA, but not enough to get stopped out). Anyone interested? dh

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