10 days up from the cup pattern now

>From October 14 to the afternoon of October 24, the Nasdaq Average declined 125
points.  The "Nasdaq Count" at that point was 8/-125(-6%).  In the last two
hours of October 24, the Nasdaq rose 25 points into close, forming a "slam",
and finishing off a "cup" pattern for the day.  This was a major buy pattern as
announced, that same night, by Davetrends of the New Breed group.  He wasn't
kidding.

>From the close on the 24th, after many traders had bought large positions of
3-Beta tech stocks (before the close), the Nasdaq rose 150 points out of that
cup pattern for the next ten days.  The Nasdaq Count at that point was
10/+150(+8%), and is now only a little less.

The presently high Nasdaq Count indicates that it is time to take gains on
those volatile tech stocks, and tuck them away where they cannot be given.  It
also indicates that the market will not rise much more before it corrects, at
which point patient traders will again enter the market at the next entry
pattern, having lost nothing in the correction.

This is one of the highest forms of trading, reacting to what the market does,
taking what it offers, not predicting it.  It cannot be predicted, short-term,
medium-term or long-term.  Trading based on movement of the general market, not
individual stocks, is discussed continuously at the New Breed of Stock Trader
site, http://members.aol.com/davetrends.  You're invited.  If you have any real
experience at stock trading, you will not be disappointed.