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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (10606)8/27/2003 8:01:19 AM
From: da_cheif™  Read Replies (1) | Respond to of 207237
 
is there a ZZ TOP 2??....snort



To: GROUND ZERO™ who wrote (10606)8/27/2003 1:25:50 PM
From: Chip McVickar  Read Replies (1) | Respond to of 207237
 
Me thinks when double tops... move on to triple tops or coils and/or flats....
They become something very different.

Some of these patterns go on for many days creating 6-9 peaks and valleys.
Buyers get wrong out and the bears get excited... only to get quietly screwed

Here's a pic of two coils that broke upwards
Together we watched and traded the 1999 coil/flat....
stockcharts.com[w,a]dahannay[d19980227,19990627][pf][J16695645,Y]&pref=G

Here's another showing 8 years of this pattern:
stockcharts.com[w,a]dchannay[d19960827,20030827][pf][J16696851,Y]&pref=G

One negative is that it comes in Sept and Oct and is similar to 1987