In "How to Make Money in Stocks" 3rd edition,
p 124, William O'Neil says "One of the most important price patterns
looks like a cup-with-handle". He also identifies the flat base
and double bottom as very important patterns.
The O'Neil method recommends focusing
on fundamentals to find stocks that are worth buying and then to select
an
appropriate entry point from chart analysis. The problem with this approach
is that even if you use tools that select shortlists based on fundamentals,
you can still be left
with
several hundred stocks whose charts need to be reviewed for a valid entry
point.
Our mission is to make this process more efficient by
automatically selecting stocks that are technically ready to break out
and to bring them to our subscribers' attention daily. These stocks are
potentially
about to move higher, and if they do so on strong volume, then they
may
make significant gains in the following weeks and months.
We are continually improving our pattern recognition algorithms
and intend to add additional patterns in the future.
A secondary goal is to provide you with tools to begin
your due diligence on the stocks on our watchlists, and to add to these
tools
over time.
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Mike Gibbons is the developer of breakoutwatch.com and owner of Proactive Technologies, LLC dba breakoutwatch.com.
Mike has been
a resident of the US since 1984. He has extensive experience in designing
and developing database driven
computer
systems
for the financial services industry gained as a CIO of a large
Financial Services Company and as an MIS Director for a big 4 accounting
firm based in New York. Mike holds a B.Sc.
in Physics, from Melbourne University, Australia. In addition to his
financial systems experience, Mike has also been involved in several
multi-million dollar cost-benefit analysis projects, including the "Chunnel",
requiring sophisticated computer modelling, monte carlo simulation
and econometrics. Mike also spent 9 years in Paris at the Organization
for Economic Cooperation and Development, as head of their systems
development unit responsible for econometric modelling and statistical
analysis.
Mike is dedicated to the ongoing development of this site which has
seen many improvements since its inception and is always undergoing
revision and enhancement. Mike is married with two sons. If he's not
at his desk working on the next round of enhancements, then he's either
on his road bike climbing Mt. Haleakala, or windsufing the waters
of Maui.
Our Address
Please address correspondance to:
Mike Gibbons,
Proactive Technologies, LLC
1320 Kauhikoa Road
Haiku, HI 96708
email: mike@breakoutwatch.com