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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?


To: OZ who wrote (5539)11/21/1999 3:56:00 PM
From: TraderAlan  Read Replies (1) | Respond to of 18137
 
Oz,

<I made up a new name for a failed "Cup and Handle" Breakout. It is called a "Cup of Soup". You heard it hear first>

One thing I've learned from trading a ton of intraday cup and handles is that you want price to get up and out of there immediately. After all, it failed to do just that on the second top. The inability to do it could be an early warning of your CofS play.

Alan