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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: KymarFye who wrote (32816)3/22/2002 12:31:42 AM
From: KymarFye  Respond to of 52237
 
"the pullback from a snapback from a major pullback from a maor snapback from a MAJOR crash character of the moment"

I kinda left out today's session: Actually, including today, the moment is more a snapback in a pullback from a snapback from a major pullback from a major snapback from a MAJOR CRASH...

Maybe it was because I huge computer problems today and wasn't able to participate at all...



To: KymarFye who wrote (32816)3/22/2002 1:42:31 AM
From: sean sanders  Respond to of 52237
 
I dont think you can put patterns in a strict numeric sense; I have seen patterns that look sloppy as can be turn out to be great trading opportunities (in hind-site mind you).

For example;
jul-sept 2001 on IBM
When the pattern was forming; I bet a lot of people were saying "what in the world is this thing doing"
Some people might call it a channel
Some a h&s
Some (well in hindsite) a island reversal
Some a big flag
Some a sym triangle

Not much of a typical h&s; but kind of a neat pattern after you look at it. ie you dont have any volume on the head as compared to the right shoulder. Drawing the neck on that thing is even tough in hindsite.

... somethings just do what they want and turn out quite well even if they dont follow the 'typical' rules

Sean
see you at the breakout of that next ascending triangle ;)