If you "back-test" charting methods on a bunch of historical data you will soon learn that it "only works the times it worked", so it's a bit like betting on a coin toss....about half the time it might LOOK like your heads or tails prediction actually worked, but trust me, it didn't...
Stock prices can ONLY go up, down, or sideways...so "seeing patterns" is INEVITABLE...
Buy quality & hold it, you will make FAR more money in the long term...
Jeff T is absolutely right!
If you're not planning to buy-and-hold for ten years, you are not investing, you're speculating and gambling.
https://www.google.com/finance?q=NASDAQ%3AGOOG&ei=QYECU_ifErSIsgeWSQ
I'm new to investing and am learning based off the owl method. According to my knowledge the "cup with handle/saucer with handle" lasts about 3-6 months. Before I dip my hand in with money I want to spend time just looking at charts for various stocks and being able to identify the patterns and apply the CANSLIM speculation. I was just wondering if from January 31st - February 11th on this chart is a saucer with handle?
Also if there are any experienced investors that are willing to provide me with their contact for similar inquiries so i can stand on my own feet and have applicable knowledge, it would be greatly appreciated. Thanks for your time and cooperation!
Additional Details
**my reasons for speculating that it is a saucer with handle is because there is a volume increase at the bottom of the base and it does later go on to form a handle and also has a volume dry up and an identifiable volume increase right after the handle forms. the thing that makes me doubt it that it took only about 2 weeks for this formation and that the correction was only about 4%.
