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

To: sean sanders who wrote (294)	9/22/1999 11:39:00 AM
From: Casaubon	Read Replies (1) \| Respond to of 967

can you give me a reference site to the 2b formation; i'm not familiar with the pattern? TIA I trying to keep my head in the sand until next year ( because the market seems very dangerous to me currently. I'm long about 10% and under water about 20%). I'm thinking about averaging down and getting myself into about 500-1000 shares of each of two stocks and then writing some calls about six monthes out. However, I'm not even sure I want to do that. I bought those positions based on candle analysis, which suggested selling exhaustion, on the monthly time frame, but they've been bleeding down even further. The only trade I'm really pleased with at this time is a decent entry into GLG at 1 11/16. It's not making money but the TA seems to be working out, so far. EDIT I usually go with longer term (monthly) TA to get a handle on the real trend. It's harder to manipulate the way a chart reads over 2 years or 10 years <g>