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Strategies & Market Trends : Chart Formations

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To: belker who wrote (128)	1/12/1999 11:53:00 PM
From: sean sanders	Read Replies (1) of 967

Bob, I think I read the pattern in the PTTS trading system book (not a bad book but not worth $65 since it only took me 2 1/2 hours to read through it. I'll have to see if I can dig up some info on that H&S reversing and going higher later on. ahh when you're talking about 70 RSI to the downside are you still using the 14? or 16? RSI I remember you liked that one. And when trowing up the various indicators in qp I see them looking for some downward movement too. I like the stochs and the MACD and the ROC and of course the RSI in QP quick indicator list. one more thing ... take a look at CUBE (I know you're a fan of d tops let me know what you think. I'm tempted to play it from the short (or put) side, but am worried about dojis like the one we had today. Won't do much good to get in a stock that makes a few long dojis then continues back on up. I can't decide where a good sell stop (short sell) would be good ... and when to implement it. I was thinking under the half-way point of 1/5 (the big white candle day) but then we have a horizontal trendline that it could bounce off of. What do you think? Sean

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