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STOCK(S) OF THE WEEK
from PRS, Vol.
9, No. 21,
for the week of 8/10/09 |
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There
are 16 newly identified chart patterns for the week of 9/13/09. |
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Our Pattern
Recognition Service subscribers received their weekly alerts via e-mail on Sunday.
Imagine having 27 NEW stocks with high probability
chart patterns to choose from this week, ... and every week. You
can! Click here. |
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from PRS,
Vol. 9, No. 21, for the week of 8/10/09 |
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PTV / Pactiv Corp. |
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Ascending triangle
(preceded by 'pole-like' move) in an uptrend (bullish).
From
Pattern Recognition Services (PRS) Vol. 9, No. 21, for the week of
8/10/09. |
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from PRS,
Vol. 8, No. 7, for the week of 3/3/08 |
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JAKK / Jakk Pacific, Inc. |
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Symmetrical triangle
(preceded by 'pole-like' move) in an uptrend (bullish).
From
Pattern Recognition Services (PRS) Vol. 8, No. 7, for the week of
3/3/08. |
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from PRS,
Vol. 8, No. 5, for the week of 2/11/08 |
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Axsys Technologies, Inc. |
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Head and Shoulders pattern.
From
Pattern Recognition Services (PRS) Vol. 8, No. 5, for the week of
2/11/08. |
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from PRS,
Vol. 8, No. 4, for the week of 2/4/08 |
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HPQ / Hewlett-Packard |
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Inverted Head and Shoulders (bullish). From
Pattern Recognition Services (PRS) Vol. 8, No. 4, for the week of
2/4/08. |
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from PRS,
Vol. 8, No. 2, for the week of 1/21/08 |
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MTL / Mechel Steel Group |
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Head and Shoulders reversal
pattern and breakout (bearish). From
Pattern Recognition Services (PRS) Vol. 8, No. 2, for the week of
1/21/08. |
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from PRS,
Vol. 7, No. 41, for the week of 12/17/07 |
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STP / Suntech Power |
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Ascending triangle
(preceded by 'pole-like' move) in
an uptrend (bullish). From
Pattern Recognition Services (PRS) Vol. 7, No. 41, for the week of
12/17/07. |
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from PRS,
Vol. 7, No. 39, for the week of 11/26/07 |
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MCRS / Micros Systems, Inc. |
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Bull flag
in an uptrend (bullish). From
Pattern Recognition Services (PRS) Vol. 7, No. 39, for the week of
11/26/07. |
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from PRS,
Vol. 7, No. 36, for the week of 10/29/07 |
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NFLX / Netflix, Inc. |
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Bull pennant
in an uptrend (bullish). From
Pattern Recognition Services (PRS) Vol. 7, No. 36, for the week of
10/29/07. |
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from PRS,
Vol. 7, No. 34, for the week of 10/15/07 |
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ECLP / Eclipsys Corp. |
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Symmetrical triangle in an uptrend (bullish). From
Pattern Recognition Services (PRS) Vol. 7, No. 34, for the week of
10/15/07. |
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from PRS,
Vol. 7, No. 33, for the week of 10/8/07 |
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TPX / Tempur-Pedic |
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Symmetrical triangle in an uptrend (bullish). From
Pattern Recognition Services (PRS) Vol. 7, No. 33, for the week of
10/8/07. |
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from PRS,
Vol. 7, No. 19, for the week of 6/11/07 |
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SWIR / Sierra Wireless |
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Bull pennant in an uptrend (bullish). From
Pattern Recognition Services (PRS) Vol. 7, No. 19, for the week of
6/11/07. |
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from PRS,
Vol. 7, No. 17, for the week of 5/7/07 |
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TMO / Thermo Fisher Scientific, Inc. |
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Bull pennant in an uptrend (bullish). From
Pattern Recognition Services (PRS) Vol. 7, No. 17, for the week of
5/7/07. |
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from PRS,
Vol. 7, No. 16, for the week of 4/30/07 |
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ALVR / Alvarion Ltd. |
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Symmetrical triangle in an uptrend (bullish). From
Pattern Recognition Services (PRS) Vol. 7, No. 16, for the week of
4/30/07. |
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from PRS,
Vol. 7, No. 9, for the week of 3/5/07 |
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PROS / ProCentury Corp. |
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Ascending triangle in an uptrend (bullish). From
Pattern Recognition Services (PRS) Vol. 7, No. 9, for the week of
3/5/07. |
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from PRS,
Vol. 7, No. 4, for the week of 1/22/07 |
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BIG / Big Lots, Inc. |
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Bull pennant in an uptrend (bullish). From
Pattern Recognition Services (PRS) Vol. 7, No. 4, for the week of
1/22/07. |
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VCLK / ValueClick, Inc. |
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Bull pennant in an uptrend (bullish). From
Pattern Recognition Services (PRS) Vol. 7, No. 4, for the week of
1/22/07. |
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from PRS,
Vol. 7, No. 3, for the week of 1/15/07 |
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MICC / Millicom International Cellular |
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Symmetrical triangle in an uptrend (bullish). From
Pattern Recognition Services (PRS) Vol. 7, No. 3, for the week of
1/15/07. |
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from PRS,
Vol. 6, No. 41, for the week of 11/20/06 |
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DRYS / DryShips, Inc. |
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Symmetrical triangle in an uptrend (bullish). From
Pattern Recognition Services (PRS) Vol. 6, No. 41, for the week of
11/20/06. |
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from PRS,
Vol. 6, No. 32, for the week of 9/11/06 |
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SPSX / Superior Essex, Inc. |
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SPSX
asc. tri. / buy on upside brkout on increased volume
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Ascending triangle in an uptrend (bullish). From
Pattern Recognition Services (PRS) Vol. 6, No. 32, for the week of
9/11/06. |
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from PRS,
Vol. 6, No. 28, for the week of 8/7/06 |
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DRQ / Dril-Quip, Inc. |
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DRQ symm. tri. / buy on upside brkout on increased volume
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Symmetrical triangle in an uptrend (bullish). From
Pattern Recognition Services (PRS) Vol. 6, No. 28, for the week of
8/7/06. |
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from PRS,
Vol. 6, No. 12, for the week of 3/27/06 |
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FSL / Freescale Semiconductor |
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Sloppy ascending triangle in an uptrend (bullish). From
Pattern Recognition Services (PRS) Vol. 6, No. 12, for the week of
3/27/06. |
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from PRS,
Vol. 5, No. 31, for the week of 8/29/05 |
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AMD / Advanced Micro Devices, Inc. |
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Symmetrical triangle in an uptrend (bullish). From
Pattern Recognition Services (PRS) Vol. 5, No. 31, for the week of
8/29/05. |
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from PRS,
Vol. 5, No. 31, for the week of 8/29/05 |
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TXN / Texas Instruments, Inc. |
TXN
double-headed h. & sh.:
1)
sell on downside
brkout (solid red line -- neckline) on increased vol.
or
2) buy on upside brkout
(dotted
red line -- pattern
failure) on incrsed.
vol.
[h. & sh. pattern
failures will
often times make sharp upside breakouts] |
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Double-headed, head and shoulders pattern. From
Pattern Recognition Services (PRS) Vol. 5, No. 31, for the week of
8/29/05. |
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from PRS,
Vol. 5, No. 30, for the week of 8/15/05 |
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ARD / Arena Resources, Inc. |
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Falling
wedge preceded by 'pole-like' move (bullish). From
Pattern Recognition Services (PRS) Vol. 5, No. 30, for the week of
8/15/05. |
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from PRS,
Vol. 5, No. 29, for the week of 8/8/05 |
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GNSS / Genesis Microchip, Inc. |
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Bull
pennant (bullish). From
Pattern Recognition Services (PRS) Vol. 5, No. 29, for the week of
8/8/05. |
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from PRS,
Vol. 5, No. 28, for the week of 8/1/05 |
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AMGN / Amgen, Inc. |
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Bull
pennant (bullish). From
Pattern Recognition Services (PRS) Vol. 5, No. 28, for the week of
8/1/05. |
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PCP / Precision Castparts Corporation |
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Bull flag
(bullish). From
Pattern Recognition Services (PRS) Vol. 5, No. 28, for the week of
8/1/05. |
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from PRS,
Vol. 5, No. 17, for the week of 5/2/05 |
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IDU / Ishares Dow Jones US Utilities Index |
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IDU symm. tri. / buy on upside brkout on increased volume |
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Symmetrical
triangle (bullish). From Pattern
Recognition Services (PRS) Vol. 5, No. 17, for the week of 5/2/05. |
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from PRS,
Vol. 5, No. 16, for the week of 4/25/05 |
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LLY / Eli Lilly & Co. |
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LLY bull pennant / buy on upside brkout on increased
volume |
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Bull
pennant (bullish). From Pattern
Recognition Services (PRS) Vol. 5, No. 16, for the week of 4/25/05. |
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XRTX / Xyraytex Ltd. |
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XRTX symm. tri. / buy on upside brkout on increased volume |
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Symmetrical
triangle (bullish). From Pattern
Recognition Services (PRS) Vol. 5, No. 16, for the week of 4/25/05.
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from PRS,
Vol. 5, No. 15, for the week of 4/18/05 |
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CYH / Community Health Systems |
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CYH symm.
tri. preceded by 'pole-like' move / buy on upside brkout on larger than
normal volume |
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Symmetrical
triangle preceded by 'pole-like' move (bullish). From Pattern
Recognition Services (PRS) Vol. 5, No. 15, for the week of 4/18/05.
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GE / General Electric |
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GE
h.
& sh. / sell if it breaks out (down) thru the neckline -- however,
h. & sh. ‘failures’
often brkout
very
aggressively in the opposite direction (up) -- buy if an upside brkout
occurs
(upside brkout thru dotted red horizontal line on
larger than normal volume (our anticipation) |
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Head
& Shoulders (typically bearish / bullish on 'failure'). From Pattern
Recognition Services (PRS) Vol. 5, No. 15, for the week of 4/18/05.
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from PRS,
Vol. 5, No. 10, for the week of 3/7/05 |
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PTRY / Pantry, Inc. |
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PTRY symm. tri. / buy on upside brkout on increased volume |
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Symmetrical
triangle (bullish). From Pattern
Recognition Services (PRS) Vol. 5, No. 10, for the week of 3/7/05.
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from PRS,
Vol. 4, No. 32, for the week of 10/4/04 |
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SPY / Standard & Poors Depository Receipts |
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SPY bullish flagging / buy on upside
brkout on larger than normal volume |
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Bullish
flagging (bullish). From Pattern
Recognition Services (PRS) Vol. 4, No. 32, for the week of 10/4/04.
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from PRS,
Vol. 4, No. 17, for the week of 5/17/04 |
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BA / Boeing Co. |
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BA falling
wedge / buy on upside brkout on increased volume |
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Falling wedge
in an uptrend (bullish). From Pattern
Recognition Services (PRS) Vol. 4, No. 17, for the week of 5/17/04.
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KMRT / Kmart Holding Corp. |
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KMRT bullish
flag / buy on upside brkout on increased volume |
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Bullish flag in an uptrend (bullish). From Pattern
Recognition Services (PRS) Vol. 4, No. 17, for the week of 5/17/04.
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LFUS / Littlefuse, Inc. |
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LFUS
symm. tri. / buy on upside brkout on increased volume |
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Symmetrical triangle
in an uptrend (bullish). From Pattern
Recognition Services (PRS) Vol. 4, No. 17, for the week of 5/17/04.
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from PRS,
Vol. 4, No. 9, for the week of 3/15/04 |
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POG / Patina Oil & Gas |
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POG symm.
tri. preceded by ‘pole-like’ move / buy on upside brkout on increased
volume |
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Symmetrical triangle
preceded by 'pole-like' move in an uptrend (bullish). From Pattern
Recognition Services (PRS) Vol. 4, No. 9, for the week of 3/15/04.
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from PRS,
Vol. 3, No. 43, for the week of 12/22/03 |
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ADSK / Autodesk, Inc. |
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ADSK asc. tri. / buy on upside brkout on
increased volume |
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Ascending triangle in an uptrend (bullish). From Pattern
Recognition Services (PRS)
Vol. 3, No. 43, for the week of 12/22/03.
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WMI / Waste Management, Inc. |
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WMI symm. tri. / buy on upside brkout on
larger than normal volume |
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Symmetrical
triangle in an uptrend (bullish). From Pattern
Recognition Services (PRS) Vol. 3, No. 43, for the week of 12/22/03.
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YHOO / Yahoo! Inc. |
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YHOO symm. tri. / buy on upside brkout on
increased volume |
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Symmetrical
triangle in an uptrend (bullish). From Pattern
Recognition Services (PRS) Vol. 3, No. 43, for the week of 12/22/03.
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from PRS,
Vol. 3, No. 25, for the week of 7/21/03 |
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DIA / Diamods Trust |
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DIA symm. tri. / buy on upside brkout on
increased volume |
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Symmetrical
triangle in an uptrend (bullish). From Pattern
Recognition Services (PRS) Vol. 3, No. 25, for the week of 7/21/03.
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SPY / Standard & Poors Depository Receipts |
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SPY symm. tri. / buy on upside brkout on
increased volume |
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Symmetrical
triangle in an uptrend (bullish). Want more like this? Learn more about
the Pattern
Recognition Services (PRS) for Stocks Newsletter.
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from PRS,
Vol. 3, No. 21, for the week of 6/9/03 |
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JCOM / J2 Global Communications |
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JCOM h. & sh. / sell on downside brkout on
increased volume |
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Head
and Shoulders in an uptrend (bearish). From Pattern
Recognition Services (PRS) Vol. 3, No. 21, for the week of 6/9/03.
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MXIM / Maxim Integrated
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MXIM h. & sh. / sell on downside brkout on
increased volume
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Head
and Shoulders in an uptrend (bearish). From Pattern
Recognition Services (PRS) Vol. 3, No. 21, for the week of 6/9/03.
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from PRS,
Vol. 3, No. 17, for the week of 5/12/03 |
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BSX / Boston Scientific Corp. |
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BSX sloppy asc. tri. /
buy on upside brkout on decent volume |
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Large
(sloppy) ascending triangle in an uptrend (bullish). From Pattern
Recognition Services (PRS) Vol. 3, No. 17, for the week of 5/12/03.
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from the PRS
Special Report, (The Dow) -- 3/4/03 |
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DIA / Diamonds Trust Series 1 |
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DIA
symm. tri. brkout / sell on downside
follow-through |
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Symmetrical triangle in a downtrend (bearish). From
Pattern
Recognition Services (PRS)
Special Report -- The Dow, 3/4/03.
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from PRS,
Vol. 3, No. 5, for the week of 2/10/03 |
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IBM / International Business Machines, Corp. |
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IBM symm. tri. / sell on downside
brkout on decent volume |
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Small
symmetrical triangle in a downtrend (bearish). From Pattern
Recognition Services (PRS) Vol. 3, No. 5, for the week of 2/10/03.
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from PRS,
Vol. 2, No. 44, for the week of 12/9/02 |
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SJM / J.M. Smucker Co. |
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SJM symm. tri.
/ buy on upside brkout on increased volume |
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from PRS,
Vol. 2, No. 39, for the week of 10/28/02 |
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PFGC / Performance Food Group |
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PFGC symm. tri.
/ buy on upside brkout on good volume |
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Symmetrical triangle in an uptrend (bullish). From Pattern
Recognition Services (PRS) Vol. 2, No. 39, for the week of 10/28/02.
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from PRS,
Vol. 2, No. 28, for the week of 8/12/02 |
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INTL / Inter-Tel, Inc. |
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Below is just
one of our 'recommendations' (chart and instructions) as it appears from
this week's
Pattern Recognition Services Newsletter
(Vol. 2, No. 28, for the week of 8/12/02), delivered on Sunday
8/11/02. |
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INTL
smll asc. tri. at brkout pnt. of lrgr symm. tri. / buy and
use low of smll tri. as failure pnt. |
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from June 24, 2002 |
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MTH / Meritage Corp. |
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Weekly |
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(Daily) -- MTH / Meritage Corp. |
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This is MTH's daily
view. The bullish flag is apparent on both the weekly and the
daily charts. (The triangle in gray is simply a previous pattern
that continued the trend. As you can see by this example and so
many others, there are lots of patterns in virtually all of the
markets, helping people to hop on board winning stocks or to get off
of those ready to turn.) The size of MTH's flag suggests a measured
move of more than $10.00. |
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click image to see how it did |
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from June 10, 2002 |
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ALB / Albemarle Corporation |
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from May 23, 2002 |
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XRAY / DENTSPLY International, Inc. |
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TTWO / Take-Two Interactive Software, Inc. |
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from April 7, 2002 |
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ISLE / Isle of Capri Casinos, Inc. |
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MCL / Moore Corporation Limited |
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'Symmetrical'
triangle in an uptrend (bullish). Pattern
Recognition Services (PRS) Vol. 2, No. 12, for the week of 4/8/02. |
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from March 31, 2002 |
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XTO / XTO Energy, Inc. |
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Ascending
triangle in an uptrend (bullish). From Pattern
Recognition Services (PRS) Vol. 2, No. 11, for the week of 4/1/02. |
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OEI / Ocean Energy, Inc. |
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Ascending
triangle in an uptrend (bullish). From Pattern
Recognition Services (PRS) Vol. 2, No. 11, for the week of 4/1/02. |
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from March 11, 2002 |
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ATAC / Aftermarket Technology, Corp. |
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'Symmetrical'
triangle in an uptrend (bullish). Base of $5.24 added to the approximate
breakout point of $18.60, equals a measured target of $23.84. This is from
the Pattern Recognition Services (PRS), for
Stocks Newsletter, Vol. 2, No. 8, for
the week of 3/11/02. (Click here for more
info. on PRS.) |
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from February 17, 2002 |
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UPS / United Parcel Service, Inc. |
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Ascending
triangle in an uptrend (bullish). This is from PRS,
Vol. 2, No. 5, for the week of 2/18/02. Short term price target is
$60.05. (A $2.90 measured move (base = $2.90), from the breakout point of
$57.15 equals $60.05.) |
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HLT / Hilton Hotels Corporation |
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Ascending
triangle in an uptrend (bullish). This is also from PRS,
Vol. 2, No. 5, for the week of 2/18/02. The spike in volume on its
trek back to the top of the pattern seems to be foreshadowing an
anticipation of higher prices to come. |
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PTV / Pactiv Corporation |
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Triangle
high up in its uptrend (bullish). A push through the top of this pattern
on good volume could really get this one going. From PRS,
Vol. 2, No. 5, for the week of 2/18/02. |
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Want
trades like this EVERY WEEK?! Click here, and get 'em! |
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from January 31, 2002 |
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AAPL / Apple Computer, Inc. |
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Great
looking chart (symmetrical triangle(s) in an uptrend -- bullish). The
smaller triangle was spotted on 11/16/01, for PRS, Vol.1, No. 3. The
larger triangle was spotted on 1/11/02, for PRS, Vol. 2, No. 2. This chart
shows AAPL on 1/31/02 after another bullish breakout. The
base of the pattern ($3.53), projects a short term price target of around
$27.50. |
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SVM / ServiceMaster Co. |
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Bull
pennant in an uptrend. (The pennants 'pole' is roughly $2.72 with the base
of the pennant measuring $0.65.) Measuring suggests moves to roughly
$14.81 and $16.88. (Look at that huge spike in volume on the breakout,
confirming the move.) |
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Click
here for more info. on Pattern Recognition Services (PRS) |
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from December 28, 2001 |
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TRPS / Tripos, Inc. |
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From the Pattern Recognition
Services Newsletter, Vol. 1, No. 9, for the week of
12/31/01. Great symmetrical triangle in an uptrend (bullish).
Click here to learn more about chartpattern.com's, Pattern
Recognition Services (PRS). |
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click image to see how it did |
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from December 3, 2001 |
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Look how we did last week! +113.14%.
(How did you do?) |
|
From the Pattern Recognition
Services Newsletter, Vol. 1, No. 5, for the week of
12/3/01 ... these are just a few out of the 23 winners we had last
week. We identified 31 chart patterns last week, ... 23 winners and 8
losers for a 74% win ratio and an amazing +113.14%
price change in one week! "No way you say?" Click below
for a FREE copy (PDF file) of last week's issue and see what our clients are seeing,
... every week! PRS Vol.1, No. 5, 12/3/01 |
|
The red
bar within the pattern is the identification day (closing price
when customers received their newsletter). Look at the explosive moves
afterwards. |
| AZO
+$8.90
or +13.22% |
ITRI
+$3.75
or +13.27% |
 |
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| SASR
+3.98 or +9.67% |
GPC
+2.48
or +7.36% |
 |
 |
|
Click here to learn more about
the Pattern Recognition Services Newsletter
and sign up for a FREE one week trial. |
|
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from November 25, 2001 |
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HRH / Hilb, Rogal and Hamilton Co. |
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Great looking ascending triangle in an uptrend (bullish). The breakout
point is approximately $60.50. The expected move is $4.69 with a target of
$65.19. (Link to HRH
info. on yahoo.com.) |
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click image to see how it did |
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PSA / Public Storage, Inc. |
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Ascending triangle in an uptrend (bullish). Breakout is approximately
$34.75, anticipated move is $3.21, with the target put at $37.96. (Link to
PSA info. on yahoo.com.) |
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from November 11, 2001 |
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HAE /
Haemonetics Corp. |
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High tight triangle in an uptrend. These are great
patterns to trade. Looking for a move as large as the 'pole' supporting it
($5.40). From it's breakout point of approximately $40.00, I'm looking for
$45.40. (Link to HAE
info. on yahoo.com.) |
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click image(s) to see how it did |
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exit (left image) ... then look what happened
(right image) |
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COTT / Cott Corp. |
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Ascending triangle in an uptrend. Looking for a $2.96
move from it's breakout point of approximately $15.49 for a target of
$18.45. (Link to COTT
info. on yahoo.com.) |
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SASR / Sandy Springs Bancorp, Inc. |
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From the Pattern Recognition
Services Newsletter, Vol. 1, No. 2, for the week of
11/12/01. Bull flag in an uptrend. That's an $8.51 flag
'pole'. ($20.61 flag pole low, to $29.12 flag pole high, equals an $8.51
'pole'.) Simply add $8.51 to the flag's breakout point (in this case it
was approximately $28.12), for your measured move target of $36.63. This
one was a near picture perfect example. It reached it's measured target of
$36.63 on 12/11/01 (it actually pushed a bit past there to a high of
$37.32), before closing at $36.50. After a great run like that, it would
have been very easy and rewarding to exit that trade with great
satisfaction. Click here to learn more about
the Pattern Recognition Services Newsletter
and sign up for a FREE one week trial. |
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from October 26, 2001 |
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AMHC / American Healthways, Inc. |
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Bull flag in an uptrend. This is not a perfect pattern, but it is clearly
a bull flag pattern nonetheless. The conservative size of the flag's
'pole' is $11.60. A move of $11.60 from the breakout area of $36.00 is
$47.60. That is my anticipated target. I'm in at $34.92 from 10/24/01. Link
to AMHC info. on yahoo.com. |
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From
PRS,
Vol. 1, No. 2 |
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click image(s) to see how it did |
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(left image) successful exit ... (right image)
new pattern and even larger move |
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from September 29, 2001 |
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TRDO / Intrado, Inc. |
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This one looks set to move. Triangle in an uptrend. (Logarithmic scaling.)
In at $24.85. Pattern suggests a $7.88 move from the $25.60 area.
Short-term intermediate target: $33.48. Good luck. (Link
to TRDO info. on yahoo.com.) |
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click image to see how it did |
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from June 21, 2001 |
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EBAY / EBAY, Inc. |
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Beautiful triangle in an uptrend (bullish). This one is
classic in that the run up from the bottom of the triangle is being
mirrored with increasing volume. The ensuing breakout is also met with a
confirming increase in volume. I spotted this pattern on Friday (6/15/01)
and planned on entering on Monday (6/18/01). Instead of buying it even
higher, it was off by more than $2 early on (what a gift). I got in at
$63.19 and only had to wait a few days before the upside breakout. Based
on the size of the pattern, my target is $73.97. (Link
to EBAY info. on yahoo.com.)
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click image to see how it did
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from June 3, 2001 |
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OFG / Oriental Financial Group, Inc. |
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from April 12, 2001 |
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RAIL / RailAmerica, Inc. |
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If you missed the first larger triangle, you've
got a chance to get in on this high, tight, little one. These are great
patterns to trade, and are usually only brief pauses in a market set to
continue its move higher in earnest. (Bullish.) (Link
to RAIL profile on yahoo.com.) |
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click image to see how it did |
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CRSB / Crusader Holding Corp. |
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CRSB, in spite of a few false breaks, still looks set
to move through the top end of the triangle (bullish). Typically,
triangles breakout prior to moving into the apex, so the pattern suggests
urgency if this formation is to come to fruition. (Link
to CRSB profile on yahoo.com.) |
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click image to see how it did |
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from April 4, 2001 |
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SNAK / Poore Brothers, Inc. |
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Here's a 7 month long triangle that just broke out to
the upside and has come back to retrace its breakout point. Note the
confirming volume on the move through the pattern (bullish). (Link
to SNAK profile on yahoo.com.) |
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click image to see how it's doing |
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from March 28, 2001 |
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MEOH / Methanex Corp. |
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I hope everybody's catching this. We talked about MEOH
in January when we spotted the bull flag in an uptrend (bullish). There's
been a couple of additional patterns to get in on since then too. This
last one was a bull flag/pennant in a continued uptrend. Notice the gap on
the flag 'pole'. It could be a breakaway gap, which would foreshadow a
much bigger move to the upside. I'm expecting even bigger things from this
one.
(MEOH snapshot and information.) |
click image to see how it did
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from March 19, 2001 |
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FPFC / First Place Financial Corp. |
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If you haven't gotten on this one yet, there's still
time. Ascending triangle in an uptrend (bullish). As you can see, volume
increased on the move up to and through the top of the pattern. The moving
averages are also confirming the uptrend with everything all seemingly
foreshadowing a continuation. (Link
to FPFC profile on yahoo.com.) |
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click image to see
how it did |
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RBNC / Republic Bancorp, Inc.
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An ascending triangle in an uptrend (bullish). While a
brief intra-day spike temporarily violated support, it's pattern is
still, for all intents and purposes, intact. In fact, you can see the same
brief intra-day spike on the upside just prior to the move lower. Interim
resistance was just taken out (hashed red line) and I believe that's a
good set-up for re-test of the longer term resistance and ultimately a
move through it. (Link
to RBNC profile on yahoo.com.) |
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click image to see
how it's doing |
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The information contained here was gathered from
sources deemed reliable, however, no claim is made as to its accuracy or
content. This does not contain specific recommendations to buy or sell at
particular prices or times, nor should any of the examples presented be
deemed as such. There is a risk of loss in trading futures and futures
options and you should carefully consider your financial position before
making any trades. The reference to statistical probabilities does
not pertain to profitability, but rather to the direction of the market.
The size and the duration of the markets move, as well as entry and exit
prices ultimately determines success or failure in a trade and is in no
way represented in these statistics. This is not, nor is it intended to
be, a complete study of chart patterns or technical analysis and should
not be deemed as such.
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Stock trading involves
high risks and you can lose a significant amount of money.
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For more information on chart pattern analysis on stocks,
e-mail: stocks@chartpatterns.com
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