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Strategies & Market Trends : Chart Formations -- Ignore unavailable to you. Want to Upgrade?

To: sean sanders who wrote (950)	9/7/2007 8:09:03 AM
From: Casaubon	Respond to of 967

my holding times are dictated by my assessment of accumulation vs. distribution combined with bottoming or topping activity, respectively. FCEL gave a recent buy signal (which I acted upon) and may exist in this state for several years (or not). OVTI is just as you assess, IMO. VRTX gave a buy signal a long time ago (which I documented here at about $12 if memory serves). It topped out at $45 (which I also mentioned but did not act upon). Since, then the chart stock has floundered and retreated to hard support in the $28 range (with an old fashioned shakeout overshoot). The chart has been somewhat erratic but put in a very positive pattern a few months ago (san pei). I am still holding based on that analysis while awaiting some key anti-viral data, for their HCV compound, in November. I'll try to take a look at your stocks tonight.

To: sean sanders who wrote (950)	9/8/2007 3:50:14 PM
From: Casaubon	Read Replies (1) \| Respond to of 967

BA put in a very significant evening star reversal in late July. IMO, this marked the top of this stock for a significant period of time to come. I believe the trend is now down. A short term pivot low occurred on Aug 16th. Since then, a bearish consolidation has been in the making. This may ultimately turn into a rising wedge consolidation (at this point I don't know). Beware of a penetration of $92.74, which would constitute a resumption of the decline. I believe that only the first phase of the decline occurred, and the stock is staging for a resumption within weeks to several months. DD has a similarly ominous gapping breakdown out of a rising wedge, in late July. Yesterdays action constitutes a highwave dogi candle (rickshaw man). These typically have bearish connotations at tops and constitute continuation candles during declines (such as you have here), IMO.