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

To: James Strauss who wrote (291)	9/23/1999 7:39:00 PM
From: Cola Can	Read Replies (2) \| Respond to of 967

Good call on IFLO. This has provided me with a good learning experience. When I first looked at the chart, I saw a desc, triangle, but people were expecting good numbers. The TA books say "everything is discounted and reflected in the market price." The TA books also says a desc triangle takes 1 to 3 months to complete. The IFLO triangle lasted about 4 months. Now I'm thinking the fact that since it stretched out over four months, and didn't break during the first three, that it may mean it wont break in a bearish down trend, but something else is holding the price up. I may not always know all the facts surrounding a company and what is holding the price up or down. So, in something like a desc, or ascend, triangle, is it safe to start thinking something else is going on, if the formation has exceeded its normal time frame of completion? I'm glad to see IFLO do good, but sort of disappointed because having a chance to get some cheap shares of it, would have been nice. :) Good luck with IFLO James.

To: James Strauss who wrote (291)	2/15/2000 6:38:00 PM
From: Casaubon	Read Replies (2) \| Respond to of 967

entered IFLO today @ 4 1/8. The stock put in a William O'Niell cup and handle. siliconinvestor.com the weekly RSI bottomed out and turned back up. the fast stochastics crossed over the slow stoch from a very low level. On the daily chart you can see a DMI crossover indicating a change to positive trend. siliconinvestor.com The volume was massive (for this stock) and from these levels can be interpreted as accumulation. The candle for the day was a very nice long belt hold (on great volume).