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

To: sean sanders who wrote (255)	9/18/1999 7:27:00 PM
From: Casaubon	Read Replies (1) \| Respond to of 967

Sean, since you are predisposed to believe the stock is going to fulfill a bearish chart pattern, why did you choose to place your play (going short; buy puts) at the support line, instead of buying a month more time and buy at resistance? PS this is a great way to learn!

To: sean sanders who wrote (255)	9/18/1999 10:23:00 PM
From: Cola Can	Respond to of 967

Maybe I should have looked for more volume. any comments? The volume was more heavy on the second break out. I'm going to try and discipline myself to look for increased volume on a break out. The books I've read say the increase in volume adds credibility to the breakout, but isn't necessary. Not having increased volume may signal a false breakout. The chart you showed seem to indicate a false breakout, on the first breakout.

To: sean sanders who wrote (255)	9/20/1999 6:48:00 PM
From: Sergio H	Read Replies (3) \| Respond to of 967

Sean, Casaubon, Jim....IFLO's chart has a small gap created May 24th that was filled last week. I am expecting the uptrend to continue now that the gap has been filled. The fundamentals are excellent. IFLO's sector is expected to outperform the market and IFLO is expected to outperform its sector. Recent developments include Oberweiss Small Cap initiating a position, Wedbush Morgan raising their price target, FDA approval for many new procedures, and increase in royalty payments due. Sergio