Pattern formations... do they even work? (examples listed)

[ajc3388]

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[IIC]

I've worked out how to select stocks based on fundamentals, but now I'm not sure how to enter them. So I've turned to charts for the moment. But, I'm not overly convinced that they work. Take for example my attachment of a graph of AZZ.

From October to Feb/Mar/April. It seems the Cup portion has formed. Starting in October at 37.50 dropping to around 26 and a handle can be argued to form either in January at 35, or Feb at 36 or even March at 37.5 again. In all 3 of those cases, the price retreats creating a handle, but once it gets to the breakout point, nothing happens.

On the same chart it seems there's -another- cup and handle from april to july, and the Handle forming mid july to august. but again, no break out.

You may want to look at the Cups w/ Handles that I post every weekend...Best, Doug

[IIC]

Yes they work, def recommend the weekly Cup w/ handles.

Thx...I only post them so people don't have to waste a few hundred bux a year on those other sites that post their lists...Most of which don't even look like CwH's.

However, it is up to the viewer to do their own DD on each...I just post the pattern...But overall, they are pretty good in a market like we had from late April 2007 to late October 2007...The last few months we've seen a lot of Breakouts fail...Doug

[ajc3388]

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[IIC]

*editted out*

That's not how you spell "EDITED"

[ajc3388]

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[IIC]

based on the chart of BWLD, and its strong fundamentals climbing amidst a declining market, what's some input on BWLD?

BWLD was mentioned in my email last Sunday