Post feedPrice Patterns Class
This morning in the Price Patterns Trading Room I threw a few patterns up for discussion and display. Included were the following stocks...
MTSC- Descending Triangle
JLG- Descending Triangle
BHI- Descending Triangle
PTEN- Inverse Head & Shoulders
ESV- Inverse Head & Shoulders
TDW- Confirmed Double Bottom
BEAV- Rising Wedge
ARG- Symmetrical Triangle
TKR- Symmetrical Triangle
FCX- Ascending Triangle
From prior classes, we are still awaiting signals from the newt list of stocks...
OIS- Descending Triangle
ANDE- Descending Triangle
ATI- Descending Triangle
MLM- Descending Triangle
THE- Descending Triangle
TTI- Ascending Triangle
There is the official list from the last two weeks of pattern surfing. I will continue to post each weeks results after the session is complete.
Thanks!
MTSC- Descending Triangle
JLG- Descending Triangle
BHI- Descending Triangle
PTEN- Inverse Head & Shoulders
ESV- Inverse Head & Shoulders
TDW- Confirmed Double Bottom
BEAV- Rising Wedge
ARG- Symmetrical Triangle
TKR- Symmetrical Triangle
FCX- Ascending Triangle
From prior classes, we are still awaiting signals from the newt list of stocks...
OIS- Descending Triangle
ANDE- Descending Triangle
ATI- Descending Triangle
MLM- Descending Triangle
THE- Descending Triangle
TTI- Ascending Triangle
There is the official list from the last two weeks of pattern surfing. I will continue to post each weeks results after the session is complete.
Thanks!
Jeff,
I'm fairly certain I heard you say in a Master Talk session you don't like trading a descending triangle forming in an intermediate trend but prefer to see them on longer term trends. You suggested they were less reliable. Most of the desc triangles you have listed would fall in an intermediate trend.
Did I interpret that incorrectly?
Mike Hoezee
Posted by
Mike |
8/22/2006 09:36:00 AM
Mike Hoezee,
Your interpretation is incorrect. The term of the downtrend being short, intermediate or long term is inconsequential in my eyes. You might have confused this with me saying that a descending triangle at the top of an uptrend is where I am apprehensive.
Thanks!
Posted by
Option Addict |
8/22/2006 11:50:00 AM