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Phil - love this "new wave" pattern....developed by William O'Neill....
but have you back-tested it for reliability and for structural variance
sensitivity...i.e. min/max length of handle, proportion of cup width and
height, etc. etc.
> -----Original Message-----
> From: Phil Lane [mailto:patterntrader@xxxxxxxxxx]
> Sent: Sunday, February 06, 2000 7:52 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Cc: omega-list@xxxxxxxxxx
> Subject: STK - chart pattern to die for
>
>
> ICCSA is looking pretty interesting. The yellow line is the
> former all-time
> high - the stock just recently started breaking out.
>
> On the weekly chart you will note the tremendous swell in volume
> as it comes
> up to it's former all-time high. It's formed a classic "cup-and-handle"
> basing pattern, as shown (roughly) by the purple curves. There's a
> cup-and-hande within the main cup, shown in cyan. A classic
> self-replicating
> pattern.
>
> The daily chart focuses on the current "handle" formation. Arrows mark key
> accumulation days coming off dried-out volume lows. The volume
> pattern shows
> the characteristic "ramping down" behavior on the pullbacks.
>
> All the signs are present for a big move to come.
>
> fwiw, phil
> http://www.patterntrader.com
>
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