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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: Diana who wrote (16723)4/5/1999 11:47:00 AM
From: Ms. X  Respond to of 34814
 
That is a fine example of a shakeout pattern. Buy it!

EDIT: Buy partials, extended. More on pullbacks. Same thing I did with VTSS.



To: Diana who wrote (16723)4/5/1999 11:59:00 AM
From: Ms. X  Read Replies (1) | Respond to of 34814
 
QWST and example of Shakeout pattern.

One of the more successful trade patterns. The false sell
signal shakes out the weaklings and usually leaves us Piffers with
meat to chew on :-)
QWST today completed this pattern.

? <--Break of top and completes pattern.
75 X --X --X -----<--Shakeout has double or triple top or more
74 X O X O X O 4 <--Three box from sell. Action point to buy.
73 X O X O X O X
72 X O X O O X
71 X O X O <--Sell signal in uptrend right after top
70 --X O X ------------------
69 X O X