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To: ftth who wrote (5420)	12/17/1997 10:47:00 PM
From: Galirayo	Respond to of 9262

[ Thoughts on Patterns ] Hi, Dave. I have not played very many ATs. The ones that I have played I have not been real confident in because I'm still learning the pattern as far as I'm concerned. Yes, I can pick one out now with a good degree of accuracy but ... you know that picking them out and playing them with confidence are 2 totally different things. As far as them fizzling out ... there are lots of reasons for that. Short term traders Resistance * The Recent Market * I think the reason I'm not as confident in them is I like to Bottom Fish. The 8 to 10 NPL is my Fav. Also Double Bottoms. A Bounce off a DMA. The 1st several days of a Breakout after a 30 to 90 day long pattern of consolidation. The AT is a New Pattern for me. But the Hammer is a different story. When I look at the Hammers I don't look especially at the Hammer because it is only 1 Single Candle Instead I look for the Pattern that the Hammer brought me to. Sometimes it's an 8 to 10. Other times it's support on a DMA. So I don't look for the Hammer, I look for the reason behind the Hammer. I'll be happy to share my thoughts on a few you have as long as you don't work me too hard. I'm sure you are familiar with a "Fibonacci Retracement"? When there is a Big Breakout the folks who play Short come in and play. Betting on the Retracement. It's similar to a rubberband Snaping back to the median area , only the Retrace is based on a % of the Gain and Varies by the Fib #'s. In an 8 to 10 NPL it's very similar except the Short Term Trend is Down. Then the stock Snaps back Up. See SSPIF .. 11/17 AMTX .. 9/18 .. 10/28 .. 11/14 .. CREAF .. 12/05 AWRE .. 12/04 NSIX .. 12/04 FLSC .. 9/22 KDUS .. 10/28 I have an 8 to 10 I may play tomorrow. Been waiting patiently but today is only 8 so it may do 2 more down days. Ray