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

To: Casaubon who wrote (176)	7/13/1999 9:09:00 PM
From: sean sanders	Read Replies (1) \| Respond to of 967

Casaubon, Nice analysis there ... I was talking with Bob about springs today; that seems like a good trading tool to use. Like you said at least you should be able to get to the upper resistance line then; if not more. I have been looking for just that with options low price better protection ie at the support and 'hopefully' heading up; my sells I need improvement on but will get to that eventially. That's true about TBI we could have another 'round' to form another dbl bottom in this big H&S. You mention CPQ as another example of a spring; when you say mid june are you referring to the dates 6/15-6/18 so that whole section is the spring? And what gives you confidence to buy at that point? The lower wick and the higher volume? or do you wait for more confermation ie more upward price swings? Sean