- “One of the most important price patterns looks like a cup with a handle when the outline of the cup is viewed from the side. Cup patterns can last from 7 weeks to as long as 65 weeks, but most of them last for three to six months. The usual correction from the absolute peak (the top of the cup) to the low point (the bottom of the cup) of this price pattern varies from around the 12% to 15% range to upwards of 33%. A strong price pattern of any type should always have a clear and definite price uptrend prior to the beginning of its base pattern. You should look for at least a 30% increase in price in the prior uptrend, together with improving relative strength and a very substantial increase in trading volume at some points in the prior uptrend. In most, but not all, cases, the bottom part of the cup should be rounded and give the appearance of a “U” rather than a very narrow “V.” This characteristic allows the stock time to proceed through a needed natural correction,
Monthly Archives: May 2021
Global Brain
- “Psychologist and zoologist David Barash feels that our intolerance of the handicapped comes in part from an ancient impulse to distance ourselves from those who may be carrying one of the primary killers of pre-modern men and animals—infectious disease.10 There may be merit to his argument. But I suspect the urge to impose physical uniformity springs from the principles which turn a group into a complex adaptive system, a collective intelligence, a learning machine.”
Tarek Naim's Blog 