Bagman's charts, watchlists, scans and etc.

[**D*A**]

Wow! that would have been nice Smallie. Live and learn I reckon?

I do notice that a lot of stocks consolidate in a sideways channel before they truly reverse the trend to the upside. Cup bottoms, frying pan bottoms, and head and shoulder bottom reversal patterns resemble this consolidation phase in the bottoming process.

The pincher play that everyone loves is a short covering dead cat bounce in my opinion. If the stock is going to reverse the downward trend, it starts with the pinch, but the true reversal is often a long drawn out process.

Timing its the problem. Some of the signs are twisting moving aves, constricting bollies and a volume build. The indicators will sometimes show positive divergence, but that's not real reliable from what I've seen.

I like to work on entry strategies. Lao uses the high volume breakout of that channel with great success in bullish markets. I'm more of a slow steady buyer at the bottom bollie.

Do you have an entry method that works best?