Question for Grob/Hershey...

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just wanted to see what some of you thought about these 'flaws' in a couple rockets

what i mean is, i'm trying to identify when washing out of a rocket that isn't taking off is simply not an option (too many flaws to allow it?)

in such situations it would seem that a rocket that's not going to allow a wash out IS going to allow a stop/reverse...or exit/reverse if you prefer....simply because it is highly volatile to the upside.

i would rather take a 1-2pt hit as i'm reversing and make some of it up going the other direction, than just getting out with a loss (since washing would not have been possible.

ok well if anyone can get through my ramblings, good luck, lol.
 

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Dell-boy, since you´re into patterns - have you read Encyclopedia of Chart Patterns? Is it worth the money?
I only know the basics of the basic formations, would be fun to read more
 
In Sweden we have shifted to winter time this weekend. Is it the same in US? I´m not really sure when dow opens tomorrow...

/Stalker
 
Nobody has tried to come up with an explanation of why trendlines exist. It´s a little strange not knowing why these patterns exists when we´re drawing them everyday :)
Someone´s sitting on the answer?

I do NOT believe "because everybody´s watching them" or something like that, that´s for sure, but I haven´t really figured it out either. I believe it´s a reflection of human behavour or some kind of mechanism in the market. Pretty vague, I admit.
Does anyone have a theory? Read anything about it?

/Stalker
 
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