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[RT] SBUX



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Very nice.. there really are equity traders on this list! After a while, I 
feel only futures and commodity traders dwell here. :) Please, all equity 
traders.. give some input .. share some ideas .. particularly ideas such as 
this one which is a bit more conservative than S&P or OEX futures.
btw... Since I posted on MCHM May 3rd, it is up 40% with a long way to go imo..
All best to the list,
Bob

At 09:59 AM 5/19/2001 -0700, you wrote:
The Hurst channel extrapolation shown for SBUX may well be overly
optimistic, but the channel is flattening. The 'projected' high probability
buy opportunity is based on the observation of visual patterns and an
extrapolation of past post turn price behavior - a 'possibility', not a
certainty. Future price action will determine if this becomes a viable high
probability opportunity.
The purpose here is to partially demonstrate a low risk, high probability
way to set up trades for gentle souls who seek the safest possible trades in
order to protect capital and achieve modest, reliable appreciation. This one
is not for rodeo cowboys.
Because markets are fractal, the approach also applies to other time frames.
Stan


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