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

To: Eric Maggard who wrote (91)	9/3/1998 10:14:00 PM
From: sean sanders	Read Replies (1) \| Respond to of 967

Eric, That sounds like a good idea, if you come across any charts with some patterns in them write em down and pick a few that you like and we can watch those and observe and see how they go. So far this is what I have observed ... ~%33 of the time the stock compleats the pattern as expected with nice gains/ or losses playing the short side. ~%33 of the time the stock has no significant movement (I suppose not too bad just loose out on the commision and the added stress. ~%33 of the time the stock does the opposite. Now these observations are stricktly based on 'my' judgements of what formations 'I' see and how they perform. I tend to 'see' formations when many people would just see randomness etc ... So many times it's up to the discretion of the person 'playing the game'. But the thing I've notices is that say I'm playing the formation game well if I cut my looses quick and let the big ones ride well, it might actually pan out ok. anyways (I'm going on and on here) ... Let's see what we can come up with. Sean