Replies to post #12072 on Futuris Company (FTRS)

[CoachzWife]

Triple bottom - found it.

8/17
EVXA ~ After EOD today a Bearish Engulfing Candle patter has formed. I would expect to see further pull back between .001 and .0013 for tomorrow, possibly triple zeros by end of week. Important thing to note here, if we do see triple zeros and find su0pport between .007 and .001 it would suggest a triple bottom play is forming. This would be the time to "load up" because the rebound could have huge potential. The estimated failure rate for a triple bottom is a low 4% assuming that an investor waits for the upside breakout through the confirmation point. This pattern should give longs a light at the end of the tunnel, greener days should be coming soon. You have to weather the storms first...

[Tempted]

Posted by: k_trader Date: Tuesday, August 17, 2010 4:37:32 PM
In reply to: k_trader who wrote msg# 11450 Post # of 12073

After EOD today a Bearish Engulfing Candle pattern has formed. I would expect to see further pull back between .0010 and .0013 for tomorrow, possibly triple zeros by end of week as I mentioned in my posts last week.

Light at the end of the tunnel...

Important thing to note here, if we do see triple zeros and find support between 0.0007 and 0.0010 it would suggest a triple bottom play is forming. This would be the time to "load up" because the rebound could have huge potential.

The estimated failure rate for a triple bottom is a low 4% assuming that an investor waits for the upside breakout through the confirmation point. This pattern should give longs a light at the end of the tunnel, greener days should be coming soon. You have to weather the storms first.

More info
http://www.trending123.com/patterns/triple_bottom.html

Something to think about anyway, GLTA.

[k_trader]

I am still here, I watch the board from the sidelines. Yes the stock is doing exactly what I thought it would do a couple of weeks ago. I think it will continue back to lower levels and possibly form a triple bottom pattern (which would be a good thing).

EVXA really needs to get the ball rolling and start producing a service that is viable and release a PR with some teeth otherwise it will continue to flounder on the bottom.

FYI - Here is my post from August 17, 2010. It took a couple weeks longer for the pattern to pullback to play out than I had anticipated, but here we are none the less.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53432422

Good luck to you all!