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"Cup with Handle formations is a new"
New? How new? Sometimes it works sometimes it doesn't. Most recent
example of when it doesn't is PFE earlier this year. The crowd was touting
a picture perfect cup and handle formation and it totally failed. When they
do work though they are explosive in my experience. As for the newness of
this pattern it can't be that new because William O' Niel wrote about it in
his original book and he had been using it for years. And where did he get
it from.
> -----Original Message-----
> From: M. Simms [mailto:prosys@xxxxxxxxxxxxxxxx]
> Sent: Friday, February 25, 2000 10:41 AM
> To: JMMain1000@xxxxxxx; network@xxxxxxxxxxxxxxxxxx;
> omega-list@xxxxxxxxxx
> Subject: RE: Re[4]: trends
>
>
> Cup with Handle formations is a new retracement concept that supposedly
> works....
> never backtested it though.
>
>
> > -----Original Message-----
> > From: JMMain1000@xxxxxxx [mailto:JMMain1000@xxxxxxx]
> > Sent: Friday, February 25, 2000 9:44 AM
> > To: network@xxxxxxxxxxxxxxxxxx; omega-list@xxxxxxxxxx
> > Subject: Re: Re[4]: trends
> >
> >
> > In a message dated 00-02-25 09:18:20 EST, you write:
> >
> > << But if you don't enter
> > at the high price you will miss some big moves, and reduce your systems
> > performance. >>
> >
> > That is exactly the problem with retracement trading:
> >
> > 1. You miss all of the initial moves.
> > 2. The retracement may be a reversal.
> >
> > I've had mixed results with retracement trading.
> >
> > So, is it better to try to call trend reversals and take a breakout
> > position during the initial move or is it better to wait for the first
> > retracement?
> >
> > Jim
> >
> >
>
>
>
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