Comments on: V-Shaped vs. Double Bottom http://novicebear.com/2007/08/25/v-shaped-vs-double-bottom/ A Scientist's Struggle to Beat the Market Thu, 04 Dec 2008 20:58:06 +0000 http://wordpress.org/?v=MU hourly 1 By: Paul Stiles http://novicebear.com/2007/08/25/v-shaped-vs-double-bottom/#comment-217 Paul Stiles Sun, 01 Jun 2008 01:24:31 +0000 http://novicebear.wordpress.com/2007/08/25/v-shaped-vs-double-bottom/#comment-217 Careful there backbacon. The date of this post was in August 2007. I was getting very bearish and viewed the rally after the big reversal day as a "sucker's rally". I think it is safe to say that the call was a good one. If a chart pattern is worth recognizing, it should not matter if you are looking at stocks, bonds, pork-bellys, gold, rice, wheat, or even an index. The patterns are a way of recognizing group psychology, which governs all tradable markets. I learned that from Bill O'Neil. The same psychology should apply to both small-cap stock charts and the S&P 500 index. Thanks for the comment, Paul Careful there backbacon. The date of this post was in August 2007. I was getting very bearish and viewed the rally after the big reversal day as a “sucker’s rally”. I think it is safe to say that the call was a good one.

If a chart pattern is worth recognizing, it should not matter if you are looking at stocks, bonds, pork-bellys, gold, rice, wheat, or even an index. The patterns are a way of recognizing group psychology, which governs all tradable markets. I learned that from Bill O’Neil. The same psychology should apply to both small-cap stock charts and the S&P 500 index.

Thanks for the comment,

Paul

]]> By: kanadianbakin http://novicebear.com/2007/08/25/v-shaped-vs-double-bottom/#comment-216 kanadianbakin Sat, 31 May 2008 12:42:40 +0000 http://novicebear.wordpress.com/2007/08/25/v-shaped-vs-double-bottom/#comment-216 O'Neil is talking about V shaped bases in stocks, not in indexes. I subscribe to IBD. Indexes are notching more new highs to new lows the last couple of days. Good Luck. BAKIN O’Neil is talking about V shaped bases in stocks, not in indexes. I subscribe to IBD. Indexes are notching more new highs to new lows the last couple of days. Good Luck. BAKIN

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