 |
 |
||||
|
|
|||||
|
● how to get rich | ||||||
how to make money in stocks and how to get rich_114 Navigation: Main page » how to make money in stocks and how to get rich Author: how to make money in stocks and how to get rich A double-bottom price pattern looks like the letter "W." This pattern does not occur as often as does the cup price structure. It is usually importanthathe second botom of the "W" touch price level the first bottom or, as in most cases, undercut it by.one or two points,there by creating a shakeout. A flat base is another rewarding price structure. It is usually a secondstage base that occurs after a stock has advanced off of a cup-with-handle, saucer, or double-bottom pattern. The flat base moves straight sideways in a fairly tight price range for at least six or seven weks andoes not correct more than 10% to 15%. Standard Oil of Ohio in May 1979 and SmithKline in March 1978 are god examples of a flat base. Pep Boys in March of 1981 formed a longer flat base. A high, tight flag price pattern is rare and occurs no more than once or twice a year. It begins by moving approximately 100% to 120% in a very short period of time (four to eight weeks) and then corrects sideways, usually in three, four, or five weeks, no more than 10% to 20%. It is the strongest patern but is certainly risky and very dificulto corectly recognize or interpret. Many stocks can skyrocket 200% or more off this formation. (Se E. L. Bruce, June 1958; Certain-ted, January 1961; Syntex,July 1963; Rollinsjuly 1964. |
|
||||||
 |
 |
||||||