Go to Jeff Salisbury LWGate Home Page.From: "Dave Wood" <davewood@together.net>
Subject: Re: [CANSLIM] SHFL
Date: Tue, 19 Aug 2003 20:25:25 -0400
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hi Pritish,
You could be asbolutely right. It does look like a descending wedge. I'm
curious, do you set price targets from this pattern. I know WON does not
recommend targets, but a lot of TA books say to add the length of the wedge
at its widest to the breakout point. I personally have never had much lick
with targets so I let the chart tell me when to sell.
Dave
- ----- Original Message -----
From: "Pritish Shah" <pshah@lason.com>
To: <canslim@lists.xmission.com>; <ryoder@snowcrest.net>
Sent: Tuesday, August 19, 2003 6:04 PM
Subject: Re: [CANSLIM] SHFL
> I believe it broke out of a "Decending Wedge". Decending wedge is one of
> the most profitable chart patterns.
>
> Pritish
>
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