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Registered User
Joined: 12/17/2004
Posts: 8
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Perhaps Mr. Worden may want to comment about rounding turns (saucers). I have never seem a Worden Note discussing rounding turns.
DANKY is a classic rounding turn in progress. The exception is the drop in the last two days was unexpected.
I was reading "Technical Analysis of Stock Trends" by Edwards & Magee.
It stated, Rounding bottoms, when they occur after an extensive decline, are of outstanding importance, for they nearly always denote a change in Primary Trend and an extensive advance is yet to come.
The book also stated, the roundng turns are very reliable. DANKY does not look reliable in the last two days, or is this a typical correction.
Mr. Worden,
Is rounding turns very reliable?
Typically is there a flat consolidation before the extensive move up?
Thank you for commenting.
Ken
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Registered User
Joined: 10/7/2004
Posts: 2,126
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Ken in the markets nothing is a 100% reliable. Technical analisis is full of flaws and you can always find what you want to find if you dig deep enough. But again that doesn't mean that the stock will go in the direction you desire although it may.
good luck.
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Registered User
Joined: 12/17/2004
Posts: 8
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>Ken in the markets nothing is a 100% reliable.
I am aware of that. My question was based on:
Was there any indication that the pattern was failing? Volume? indicators?
And that over the many years I have been using TC2000, I cannot recall any Worden Report that discussed roounding bottoms,cups and sauce, etc.
I expect other users would be interested in Don's comments on rounding bottoms, DANKY.
Please pass along my request that Don comment on rounding bottoms.
Thanks.
Ken
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Your best bet is to email Mr. Worden your question (support@worden.com). Use FOR DON WORDEN as your subject line.
- Craig
Here to Help!
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Registered User
Joined: 1/1/2005
Posts: 35
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I don't think that Don Worden is a big fan of Edwards and Magee.
Personally I think that Edwards and Magee gave an excellent lecture on rounding tops and bottoms in the book 'Technical Analysis Of Stock Trends 8th edition'...so everything you need to know about them are in the book. There is nothing for Mr. Worden to really add beyond that.
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 Gold Customer
Joined: 1/16/2005
Posts: 10
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Danky is not even in the data base. Where did you see this?
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