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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?

To: ChrisJP who wrote (8738)	11/5/2000 11:55:53 AM
From: Bernard Ng	Read Replies (1) \| Respond to of 11130

For all symmetrical triangles... the failure are very low after the breakout, below 5%. Let's say ASYS will drop a minimum of 10% after the downside breakout, and 20% for average stocks. If you believe in the pattern, you can start shorting here before the breakout for bigger profit, but that will increase your risk. The target price should be the current price - the height of the triangle... then it means ASYS will go to $4 in longer term, highly unlikely to see it in this month LOL. IIVI's descending broadening wedges has a failure rate of 40%, average rise 50%, minimum rise 20%. By calculating the height, IIVI will reach the price target of $40 in longer term. It's a bullish breakout, the trend is your friend :-). Since I've missed the first breakout, I will enter it in the throwback, if they give me one. From the bollinger band, IIVI should have one or two more up day, then we will see a little retracement. May scalpe it tomorrow, short it to the throwback, then buy back in for the long ride. It's not optionable. Hope this helps. Bernard