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FOREST LABS FRX BEARISH BUTTERFLY triggered 01/25/07. when these patterns work you expect them to take out point A. did this pattern work?? Most of us would have been stopped out shortly after entry. this is where YOUR rules have to rule. How wide a stop. Do you trail your stop?? In this...

Stopped out of my CAKE at 23.90 as expected. On to the next one.

FISV FISERV 60 MIN. fISERV COULD BE A BUY HERE ON CONSOLIDATION OFF OF THE BULLISH BUTTERFLY PATTERN TRIGGER ON 8/29/07. STOP CAN BE 45.50

DO Diamond Offshore bearish Butterfly Pattern triggered on 7/27/07, but the recent strong oil price took it back up, but the market looks ahead. The pattern is still short until 115.00 becomes support, for now it is resistance.

$IXF NASDAQ FINACIAL We see 2 bullish butterfly patterns and the newer smaller bullish butterfly is inside the larger bullish butterfly. Also note how we stopped at point D so far on the smaller pattern. The financials are hoping/expecting a rate cut. If D holds here and now, this can go up...

CMR Morgan Stanley Consumer Index triggered a bullish Gartley pattern on 7/30/07. we need to stay above point D to be bullish for me, but technically this pattern is considered bullish until X is taken out. We need to see some strong retail numbers and a fed cut and this may rock

NASDAQ COMPUTER INDEX TRIGGERED A BEARISH BUTTERFLY ON 9/04/07 ON A 60 MINUTE CHART. iT CAN BE CHOPPY FROM HERE BUT POINT D IS RESISTANCE.

fOR THOSE WHO FOLLOW THE BKX BANK INDEX, SAME BEARISH PATTERN SAME DATE

$BIX S&P BANK INDEX. WE NOW KNOW THE TROUBLE OF THE BANKS BUT THIS WAS SIGNALED BY A BEARISH GARTLEY PATTERN ON THE BANK INDEX BACK ON 5/23/07 (POINT D) DAILY CHART.

ARJ Arch Chemical Update. We closed below point D on the weekly chart. If you take this short your stop is still 45.00 until it breaks from here then stop can be moved. I do not have a position. We have been following this in real time since the bearish butterfly trigger without the benefit of...

Probability is the same after a pattern triggers. I give each pattern a 60-65% probability of working, and they will work as long as point D holds. In this case point D can be at the 1.27 as I explained in earlier post. Obviously I did not want to see a re-test of this area, so now that we are...

CAKE CHEESECAKE UPDATE....MY STOP AT 24.00 held for today. and the 1.27 retracement of XA held. If we can't stay above point D on Monday then I will probably be stopped out at 24.00 . My entry was 24.91

CAKE Cheesecake factory. Just added this stock to my portfolio at $24.91 based on a second chance of a buy near point D (24.45). My stop will be 24.00. risk is clearly defined at this point. I will either be stopped out or look for a target at point A (29.50) and if the cheese cake is very...

ADP Automatic Data Processing On 7/30/07 bullish "Bat" pattern was triggered and bounced nicely, but market conditions smacked it back down. We are holding above point D today even when the indices sold off hard. This could be a second chance. Stop would have to be below point X (44.35)

CHS update Chicos....indices did very poorly but Chicos managed to hold up above point D. Pattern is bullish...all the bad news could already be in the price. If i take this as a position, my stop will be 14.75

Cake Cheesecake Factory. If you like cheesecake this could be a buy here. The pattern actually triggered on 6/29/07, bounced and came down again past point D but stopped at the 1.27 of XA 24.08. A more perfect butterfly pattern will complete at the 1.27 or1.618 of XA. We also saw in...

update ARJ Arch Chemical. This is a bearish butterfly pattern. This can still break down. I am not in this stock at all. If I was, I would have a stop at 45.00, right above the 1.618 extension of XA. If 45.00 gets taken out then I would take the hit. Entry of this trade would be point D...

I post this update to PDLI to show how my opinion does not matter....the pattern matters. We had a bullish pattern at 18.22 and I did not take it because I let the news influence me. Now sometimes you will be correct to stand down and other times not but we will never really know which is...

It is appreciated in this land of the unforgiven. I started another forum that may prove interesting to you. I am NOT selling anything . It is titled 5 point trading patterns under tech analysis forum

BB, I would consider B to be target one and stop would be breakeven at that point with multiple contracts. then C, and then A and if any left a break of A can be big. But that is each person's decision