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Try this, goto www.stockcharts.com and look for any articles by Scott Carney...
search the archives for his posts. Then you'll be able to see some examples of
these patterns.
Jack
jhmtn wrote:
> Jack or Dave,
>
> For those of us who don't know what the "butterfly" pattern is, could you
> briefly explain it to us? There are a lost of posts on the topic which are
> like so much Martian as the underlying structure is not defined.
>
> Thanks ....................................... John
> ----- Original Message -----
> From: "Jack Assante" <Blastoff@xxxxxxxxxxx>
> To: <metastock@xxxxxxxxxxxxx>
> Sent: Thursday, November 02, 2000 5:01 PM
> Subject: Re:COHR
>
> > Hey Dave,
> > COHR , very nice . Even though it exceeded the prz which
> appears
> > to be in the range of 32.50 to 35. , momentum shifted the other way
> shortly
> > after that and
> > the stock is experiencing a nice advance.
> > Did u come up w/ approx the same numbers as me for the prz ?
> > 161.8 of AB @ 35, 127 XA @ 32.50 , Alt. 127 AB=CD @ 35.
> > COHR exceeded this zone by @15% before reversing.
> >
> > Jack
> >
> >
> > David J wrote:
> >
> > > Jack
> > >
> > > I am surprised to hear you are seeing enough breakdowns to consider the
> > > patterns of low quality. I am at the opposite end of the spectrum.
> > >
> > > COHR is a recent fine example. It is a butterfly bottom and really did
> well
> > > today.
> > >
> > > Were you entering the position when the stock hit the zone or did you
> > > waiting for bar pattern confirmation?
> > >
> > > I am going to be on the road for a few weeks so if you reply and I do
> not
> > > return it please understand.
> > >
> > > ht
> > > Mag
> > >
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> >
> >
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