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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (20155)	3/12/2003 4:39:26 PM
From: Bob V	Read Replies (1) \| Respond to of 206093

Once my criteria is set, I then look for reversal patterns. When I notice a reversal pattern, I will then look for volume patterns Could you define a reversal pattern for me. Possibly give me a couple of examples. Just the stock symbols would be fine. I can bring up the charts and see if I can find them. I seem to fit in the category of the “panic buying on the part of those who are afraid the train may leave without them.” I have been looking for stocks that have traded down from a new high for 3 or more days and then buy when it breaks the previous days high with a tight stop. More often than not I have hit the stop in the last couple of months. Not taking any big losses but slowly eating away at my capital. If you see above average volume 4-7 days following a reversal pattern, then the odds of real buying showing up are high. I’m assuming that the price will be rising on this higher volume. Do you enter a trade after a certain number of days or wait for a pullback? Does the price have to break a previous high before you buy? What volume patterns do you look for. Thanks for taking the time to answer. Much appreciated. Bob