Still have some shares Nancy....but want more before earnings.
Love the education on this board...but have much to learn about the charts from Melf and Mary. Thanks to both of you for sharing your work.
Excerpt from this morning's blog entry:
"When FCX took out the 54.41 and 54.42 highs of the Ascending Triangle, it was a QUADRUPLE breakout on the session, with 55.37 IN PLAY from the Double Bottom breakout.
Math for the Double Bottom:
54.21 - the pivot high of the "W"-Bottom, or Double Bottom
53.05 - the more conservative of the 53.02 and 53.05 lows.
54.21 - 53.05 = 1.16 points of upside on a takeout of 54.21.
54.21 + 1.16 = Target: 55.37 IN PLAY"
The Double Bottom target of 55.37 just got MADE.
Hans . .I second that. Those target prices have really helped me stay "seated" when I would have jumped out. I still get out too soon a lot . . but like Melf said the "meat" of the move is what is important . .not the top or bottom. Melf is the man :-)