Re: [RT] TECH: CONSOLIDATION

["Tom Bowen" <kenoor@xxxxxxxxxxxxx>]

Bob,
 
We could expound on theories for days on this 
one.  Great question and unfortunately I do not posses the answer.  I 
am going to watch with great interest to see what responses you get from 
other members of the list more experienced than myself.  I have no idea how 
this works in the stock market as I only trade the Futures markets.  Stocks 
are way to risky for my risk adverse tolerance level.
 
God Bless and best wishes in all your future 
endeavors,Tom
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  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  Robert 
  Baker 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Friday, March 29, 2002 6:32 
PM
  Subject: Re: [RT] TECH: 
  CONSOLIDATION
  
  Thanks Tom.
   
   
  "There is no rule that I am aware of that says a 
  market must consolidate prior to a breakout.  I have seen markets perform 
  trendline, triangle, flag, pennant and other breakouts without any preceding 
  consolidation period many times. "
   
   
  I know there are many ways for a stock to start a trend but my interest 
  was in this pattern.  I guess it could also be called a trading 
  range.  I was trying to get a handle on how to set parameters.  I 
  realize that these are individual preferences based on style and experience 
  and probably market conditions and there are an unknown number of other 
  variables that make this question rather nebulous.  I guess my intent is 
  to get some input for a starting point.  If price is trading in a range 
  of 10% over 10 market days would that qualify or should it be some minimum 
  such as 10% from high to low over 30 days?  
   
  I suppose this is a philosophical question?
   
  bob
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