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- 05 Aug 2004 17:24
Start with this and any other site contributions welcome
http://www.chartpatterns.com/symmetricaltrianglechartsstocks.htm
Fred1new
- 06 Aug 2004 12:59
- 10 of 11
Thanks all. Very interesting sites. I am becoming more and more beguiled by charts.
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- 08 Aug 2004 11:25
- 11 of 11
From Bob Carver at marketclues. A very well respected chartist. I`m just copying a bit here so you don`t get too depressed re the stockmarket
**Although a lower low in the stock indices on Monday is likely and a retest of the lows also extremely likely on the 18th of the month, the high relative strength stocks have already or are in the process of bottoming right now and may be up significantly by retest time. Therefore, we think now is the time to buy bargain stocks that look good technically (i.e., those which show good accumulation on our Acc-Dist indicator). We are moving to a 100% invested recommendation (200% if you like to leverage your investments) for stock market investors at this time, which means that you should buy technically sound stocks on dips between now and the 18th. There are likely to be a lot of bargain hunters buying Tuesday, so we could very well see a multi-hundred point rally in the Dow get started and finish this week, so it should be a volatile week for traders. Investors should look for those gemstones as stocks are tossed out with the garbage (and there are a lot of garbage stocks which are being tossed out!). **
I LOVE retracements (dips) in an uptrend. Look for them and work out support and resistance and off you go towards an independent decision