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Strategies & Market Trends : Chart Formations -- Ignore unavailable to you. Want to Upgrade?

To: Casaubon who wrote (171)	7/13/1999 6:22:00 PM
From: sean sanders	Read Replies (1) \| Respond to of 967

Casaubon, Well thankx for the compliment on getting this thread started. As I stated previously not many people seemed interested in joining me in discussions (I can't figure out why). But I want to learn T.A. and I started this thread for obvious reasons; I belived learning chart pattern analysis would be a Very useful tool in the T.A. arsenal. Robert Buncher and I have been talking about TBI ... I'll see if I can pull the conversation from private to here. But him and I both really like this stock ... My initial thoughts were this: 1. Large inverse H&S formation (if you get a year and a 1/2 of data up you will see what I mean (if not let me know). 2. We are near the neckline right now and formed a small triangle (sym/asc (can't tell which one). 3. This inverse H&S has a right shoulder that is higher then the left or left higher then the right (looking upside down). This I feel gives more emphisis to it 'planning' on moving upward. 4. This one looks like a slow mover so who knows how long it will take to compleate the measured move. btw I dont own this stock now and I am not one to hype stocks; although I will occasionally mention one to a friend if I feel it has 'good' potential to go up. btw what did you purchase your calls for and what was the price of the stock when you purchased them. I'm trying to evaluate risk/reward with time and share price of calls etc ... Sean -side note- I'm wondering what y2k will do to the markets too let alone my money in my acct.