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PatternSmasher apparently already has it programmed in.
----- Original Message -----
From: Phil Lane <patterntrader@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxxxxxxxxxxxx@eskimo.com>
Cc: "Alavi" <tradescalper@xxxxxxxxx>
Sent: Tuesday, March 07, 2000 7:09 AM
Subject: [RT] Fw: STK - chart pattern to die for
> Anybody believe in the "cup and handle" pattern yet?
> More to the point, can anybody think of a way to computerize it?????
> It would need to be independent of the vertical and horizontal scaling.
> These things come in all sizes. How about a template pattern that the
> computer would automatically re-dimension and step through a series of
> sizes - checking each for correlation with your stock charts? Just
> "slightly" beyond my programming abilities!
>
> rgds phil
>
> ----- Original Message -----
> From: Phil Lane <patterntrader@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Cc: <omega-list@xxxxxxxxxx>
> Sent: Sunday, February 06, 2000 4:51 PM
> Subject: [RT] 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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