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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: joe who wrote (2104)	10/23/1998 11:08:00 PM
From: MskiHntr	Read Replies (3) \| Respond to of 39683

Joe, if you have a charting system that you can access during the trading day I have found that using 5 minute intervals provide you with all the garden variety chart patterns which are tradeable intraday. Here's Big Chart's 5 days' worth of 5 minute charts: bigcharts.com Rats, I just checked the link and it is only the daily chart. You will have to input 'interval' 5 days and 'time' 5 minutes, Sorry 'bout that. And for just today's action, same thing enter 1 day and 5 minutes. Note on the 5 day chart that it appears that the stock has put in a mini head and shoulders pattern. The head is today's 33 9/16, yesterday's 33 1/2 and the neckline appears to be around 32 9/16 +/- a 1/16th. Ergo a pullback should hold around 31 1/2 to 9/16 (the head to neckline measurement) This would coincide with your thoughts posted on the 3COM thread that you're expecting a pullback next week, nothing too dramatic just a 'catch your breath' pause. Hopefully, my stop level will keep me in the stock. Best, Joe