Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Harmonic Trading with The Phoenix -- Ignore unavailable to you. Want to Upgrade?

To: the-phoenix who wrote (393)	3/16/2003 10:50:15 AM
From: John Madarasz	Respond to of 941

possible pattern evolution .... boomspeed.com from others with permission, of course<g>

To: the-phoenix who wrote (393)	3/16/2003 9:56:37 PM
From: Dan Duchardt	Read Replies (1) \| Respond to of 941

You really went short right at 10 o'clock? Yeah.. ignored the news and all that. After it broke below the open and kept heading down, I didn't see any support left above 820. Certainly underestimated the rocket potential of that move. Made back a few point as the day progressed and got short again later on with the failure to break the downtrend line off the 12:30ish resistance inside the nice megaphone coming out of 2:25 area. Figured it was good for at least a touch of the uptrend line at about 828.5, and possibly a lot more. Got in right at another bottom at 830.25 with a fairly wide stop set at 835.50. You can see where that turned the instant my stop was taken. Then of course it went back and touched that uptrend line as I expected. One miserable day all told. Need to find a better way.