|
PureBytes Links
Trading Reference Links
|
I don't follow stocks but I agree with you regarding triple/quadruple "tops"
.. such patterns are often part of a bullish classic cup and handle. The
first thing I look for is to see if the retracement from the "top" is 38% or
less.
Earl
> ----- Original Message -----
> From: swp <swp@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxxxxxxxxxxxxx@realtraders.com>
> Sent: Tuesday, November 30, 1999 7:39 AM
> Subject: [realtraders] Top??? {02}
>
>
> > Take a look on all of your charts. You will find true triple tops rare
> > and nary a quad top. I am not looking at these charts right now, but if
> > that is what you are seeing, there is a good chance that if those levels
> > repel current price action, you should be buying any dip. I am looking
> > for a decent correction in here for the market in general, but no
> > collapse, at least not yet...
> >
> > Steve Poser
> >
> > ---
> > Steven W. Poser, President
> > Poser Global Market Strategies Inc.
> >
> > url: http://www.poserglobal.com
> > email: swp@xxxxxxxxxxxxxxx
> >
> > Tel: 201-995-0845
> > Fax: 201-995-0846
> > ----- Original Message -----
> > From: Howard Hopkins <hehohop@xxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Tuesday, November 30, 1999 9:27 AM
> > Subject: [realtraders] Top??? {01}
> >
> >
> > > I look at a lot of charts of the leading stocks to try to get a feel
> > for the
> > > overall market.
> > >
> > > The internet stocks have been the leader of this strong advance in the
> > Nasd
> > > Comp.
> > >
> > > The following internet stocks are in the price area of double, triple,
> > or
> > > quad tops: AMZN, AOL, YHOO, INKT, LCOS, CMGI, USWB, & SPYG. It would
> > be
> > > unusual for stock to storm right through these resistance areas
> > without some
> > > sort of pullback or consolidation.
> > >
> > > DCLK, RHAT, & BRCM are well above previous highs and have been the
> > strongest
> > > of the group.
> > >
> > > KCBT has an internet futures contract. No liquidity or volume but it
> > is a
> > > way to play a pullback. They reduced the contract size and it's only
> > $25 a
> > > handle now. I've traded it once and used limit orders.
> > >
> > > Thoughts?
> > >
> > > Howard
> > >
> > > ______________________________________________________
> > > Get Your Private, Free Email at http://www.hotmail.com
> > >
> > >
> >
> >
> >
>
Attachment Converted: "c:\eudora\attach\Re [realtraders] Top {02}.txt"
|