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Jack
I have read a lot of TA books over the last few years and think I am
somewhat knowledable. What you wrote was totally foreign to me: AB=CD,
bullish gartleys and butterflys.
What system are you using? Do you find it profitable? I am still trying to
find a system that I am happy with.
neo
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Jack Assante
Sent: Thursday, November 02, 2000 7:42 PM
To: metastock@xxxxxxxxxxxxx
Subject: Re: AW: Bearish Butterfly
In most of the bullish patterns a reversal was in process..... then after
the
bell someone would come out w/ bad news that would pull the whole sector
down...
happened to me 3 times.. THe 1st time was MU .. it was bouncing off an
AB=CD
bullish pattern and then Intc comes out and warns about upcoming earnings..
Down goes the whole chip sector and I lost 2K.
Then HWP was completing a bullish pattern.. may have been another AB=CD...
a day or so later Dell preannounces after the bell and down go all the box
makers..
I mapped out a lot of bullish gartleys and butterflys... but started
becoming
more apprehensive about playing them... and most if not all eventually
bombed
out...
and it's not just me, as I said previously... scott carney's been sending me
stuff... and I just watch as they just go lower and lower... and hit his
stops...
So, I think it depends greatly on the over all tone of the markets... if the
markets are in the dog house.. stay away from the bullish setups cause most
just
don't seem to work.
I'll take a look at cohr.
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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