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neo,
I would suggest buying a copy of "Harmonic Trader"...
www.harmonictrader.com
With the purchase you'll receive a month free of Scott CArney's recommendations.
I have had very limited success w/ these patterns but I believe they are good to
know.
I'm thinking that perhaps those that didn't work out were due to the broader
markets going against my trade. I've seen many examples of these patterns that
were very very profitable so I would still encourage you to buy the book and
learn them. Every little bit helps. I would also encourage you to pick up a
copy of "Dynamic Trading".
www.dynamictraders.com ...I was very amazed and impressed w/ Dynamic Trading.
It's expensive but worth every penny.
Jack
neo wrote:
> 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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