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

To: belker who wrote (125)	11/9/1998 6:28:00 PM
From: sean sanders	Respond to of 967

Bob, ahhh so pretty much like how a flag is; with respects to the rising wedge of NVLS. - funny thing here ... my mind totally blanked out the tall upper wick of 10/23 (I didn't even see it). Now that I 'see' it could be a decent asc tri. I feel I'm a little more liberal on the chart patterns I call and I tend to include lots of times the wide swings, until confirmation is made otherwise. thankx for pointing it out to me which ever it will be rising wedge, asc. tri or who knows what. Sean

To: belker who wrote (125)	1/11/1999 10:57:00 PM
From: sean sanders	Read Replies (1) \| Respond to of 967

Bob, (I don't have too much time to respond right now ... but) Here's an example of something that well get's me sometimes ... take a look at AMD's action today ... I was tempted to call the previous moves a H&S and then it flies up there ... now I've seen a few stocks actually do something like a nice move up from a H&S pattern. I dont remember the name of the pattern; perhaps like an inverse H&S or something like that ... I read the pattern in one of the chart pattern books I read over the summer ... I read Magee's stock market trends book, hmm another one I can't remember the name of and the PTTS trading system book ... and one of them talked about a H&S pattern then when the price moves (trying to remember ... either 1/2 or past the head) then that is a good buying opportunity. Do you remember more of a solid rule to this phenominum? Also keep your eye on ATEC ... looks like we have a nice asc tri forming and well with the previous weeks price action I would suspect the bulls are getting anxious to take it through the support (looks to be through the support as of today; the volume is nice today too giving a stronger indication we may have broken through a support). I might put a buy stop at 8.5 and go from there. What do you think of it? Well as of today that's the one I like the most but obviously if it doesn't hit the buy stop or does something strange it's back to the stock drawing board. Sean