IC-What's New -06.12.05

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wanabe1

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Post Number: 331
Registered: 11-2003

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Saturday, December 10, 2005 - 07:31 am:

Carrying on it's latest topic - P&F - I think this chart might be of interest. It's got the BT and the rising O's.
Also ref.http://www.incrediblecharts.com/technical/pnf_chart_patterns.htm#Bullish+and+Bearish+Signs

..pssssst....

regards

colin_twiggs

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Post Number: 2302
Registered: 09-2002

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Saturday, December 10, 2005 - 08:37 am:

I agree. An ascending triangle breakout would move most chartists to tears (of joy). No Bull trap in sight unless there is a break back below the new support level. Even then the signal would be weak because of the rising lows.

Regards,
Colin

wanabe1

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Post Number: 336
Registered: 11-2003

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Wednesday, December 21, 2005 - 11:53 am:

I hate it when a stock does this.
Not only does it burn one's toe but worst - it spoils whatever potential poetry there was.

voila...

regards,

colin_twiggs

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Post Number: 2325
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Wednesday, December 21, 2005 - 01:19 pm:

Wanabe,
The troughs are still level -- another 0 would be a bearish sign.

Regards, Colin

wanabe1

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Post Number: 340
Registered: 11-2003

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Saturday, December 24, 2005 - 01:50 pm:

There’s the other O - a bearish sign. It was a bear trap so well disguised.

The intended poetry may have been spoiled on this one but as an exercise on P&F this has been very invaluable.
Thanks Collins for the input.

I really would like to push my luck here with a couple of queries re the topic. I leave that till next year.

'Tis the season to be jolly!