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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: ok1day who wrote (56591)	9/1/1999 8:42:00 PM
From: stan s.	Read Replies (3) \| Respond to of 90042

ASPT, Ossnat, let me put it this way...if a stock is pressed into the very corner before a breakout, it starts to take on the pattern of a basing and sometimes a Bollinger squeeze depending on the angles of a triangle. It's especially true if the angles are narrow. Since those patterns are also somewhat predictable...I think the break upside remains valid because you're still seeing indecision...but preceded by confidence. I kind of hate to use the terms reliable. We're simply using TA as an edge. Reliable is a dangerous concept. I may slip and use the term myself...but I prefer to think of TA as somewhat more predictable...than not using it. I did mention I would not hesitate to sell on a negative break...I'm definitely not confident of a direction...but have reason to suspect one. I also think you have to be extra careful this week when so many "pros" are gone. Anyway I promised some charts on CS...so I have to go do that. Later, Stan