AI
Sunday, February 26, 2006 7:43:38 PM
UVCL Handle Qualifies
I'm not to picky on choosing handles just on good looks. What's important to me is that BIG volume took out previous resistance, and that retracement from new top was no more than 50%.
So here's UVCL ... took out .016 resistance on huge volume (forming cup), did the standard 50% retracement, held above the 200dma, and now this baby looks like a beautiful golden cross candidate.
I'm not to picky on choosing handles just on good looks. What's important to me is that BIG volume took out previous resistance, and that retracement from new top was no more than 50%.
So here's UVCL ... took out .016 resistance on huge volume (forming cup), did the standard 50% retracement, held above the 200dma, and now this baby looks like a beautiful golden cross candidate.
People who say it cannot be done should not interrupt the person doing it.
http://www.perry-mansfield.org/index_fl.html
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