chart patterns,, note that the example posted does not apply to all stocks. Ie: look at mfluties channel plays, I may have a stock on my radar to run, and he may see a dif pattern that says it gives up after every good pop. it can go either way, on a variety market conditions. He has had great success in those stocks sticking to his channel targets, but the ones that ran farther are not losers either,, they just broke a trend. Either way it would have been a very good play.
so think of stocks like people,, they have moods and they make and break rules just when you arent looking. :)
I fugure there are alot of chart patterns that could eat up a t/a persons brain cells,,
And another reason why you see so many t/a based newsletters-we can see it,, f/a requires digging into what you cant see so easily.
Gotta go,, going to a party tonight.
Benjamin Graham: "You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right"