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


To: Cola Can who wrote (299)9/23/1999 8:27:00 PM
From: sean sanders  Respond to of 967
 
CC,

About a year ago I estimated that when I made a watch list of chart patterns or charts that crossed a neckline etc ... I found myself being right 1/3 times ie fullfilled pattern what I was thinking I was seeing. It does seem to be better to wait till they cross a neckline' hence the IFLO.

I still have lots to learn; enjoying the process thou.

Sean



To: Cola Can who wrote (299)9/23/1999 8:37:00 PM
From: Casaubon  Read Replies (1) | Respond to of 967
 
the monthly time frame shows ETN put in an evening star formation
iqc.com

I see stronger resistance at $82ish, with a downside limit of $68, if things get ugly. I would say there is a very high probability you would be able to get this stock for $85, possibly even tomorrow!



To: Cola Can who wrote (299)10/15/1999 2:51:00 PM
From: Casaubon  Read Replies (1) | Respond to of 967
 
Well, ETN is dancing with that support at $83 ish, which we talked about. I'm not a buyer yet, because I don't think the market has faced reality. If you buy in, you should watch your stocks carefully, or sell calls out a ways to cover some more downside sliding or buy puts as insurance. Just be careful in these dangerous waters. Set your loss limits before entering a position and act quickly.

Good Luck!