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To: Tomato who wrote (718)1/29/2005 8:51:58 PM
From: Galirayo  Read Replies (1) | Respond to of 3722
 
Wayne, It's like anything else. Market conditions will dictate as well as your timeline. But Up in a Down Mkt is not easy. Cut the Loosers and keep the Winners.

Kangaroo .. you mean a long legged doji .. or hammer? Or a Stick Sandwich? Candles are very accurate for the short term. Todays market that's intraday .. 1 day or 3. Candlestick Patterns are a better indicator.

I really prefer the 8to10NPL [new price low] Pattern. I'll have to show you one so you can get the idea. Lots of them out there today.
It's 8 or 10 dark candles containing no reversal candles. If a reversal shows up and not confirmed it continues the count. If it is confirmed the count starts again. 8 to 10.

Here's one that started on 1/1/05 but the count had to start again with the 2 white ones confirming the change on the 14th and 18th. Then a new start on the count on the 19th.
bigcharts.marketwatch.com

Even though there are white candles in the MOGN Chart .. that is still an 8to10. Starting on the 7th.
bigcharts.marketwatch.com

But Patterns alone are not enough .. you still have to use your Entire Tool Box to figure it out. For the Long Term it's a whole new topic.

And I was not giving you a hard time. Just trying to keep the flack off Peter. He mentioned he'd be teased. So Quit it! :) I think it would be great if he participated here too.

First I need to build a string of Good Calls .. Huh?

Cheers!
Ray



To: Tomato who wrote (718)1/29/2005 9:41:27 PM
From: Galirayo  Respond to of 3722
 
Fried Green .. Here's one for the longer term.

Ascending Triangle like on CITC except longer in formation.

PDE ... But this one was 2 years or so before it broke out. Here's a list of commentary .. like I mentioned it took a long time to form the AT .. so it took a while for it to complete.

siliconinvestor.com

Those Charts won't work in Search Mode Cuz they are Blue. They have added Font Color on Search.

But here is what it looks like today. It had to break that 20.00 mark with conviction.
stockcharts.com[w,a]dacayiay[dd][pb50!h.02,.20!f][vc60][iut!Ua12,26,9!Uv25]&pref=G

Ray