The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Doug R who wrote (16839)	5/13/1998 4:29:00 PM
From: shasta23	Read Replies (1) of 79360

HI DOUG! Pulled up the ABTX chart and tried to understand the RSI 3 Voodoo stuff. I was wondering what you consider the breakout line in this kind of pattern( i see the inverted head with the peak and the two symmetrical shoulders) and how do you play these patterns? Do you buy at the first uptick from the low of the right shoulder(which would've been a great entry!!) or would you bet on the continuation of the breakout with this kind of pattern and buy at the open yesterday after RSI 3 made a new high(above the 47 of last time)to pick up a safe and quick point? Or is this an intraday decision you make? Or is this all a business secret? ;-))) Just curious! Anyway it was instructive to point this pattern out! Thanks... Stefan

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