Phoenix? Avalanche? Breakouts? Flags????

Anonymous said...
Hi ToniI have read about the Phoenix set up in the bonus manual and understand that it is the reverse of an Avalanche.In the last chart posted on this blog or thread using the DIA, there is a breakout, avalanche, and a phoenix.Here is the question: What is the real difference between a breakout and a phoenix set up?They look the same to me but I know there must be some difference.ThanksTAB
September 20, 2007 9:13 AM


Hey TAB,

Actually these setups all look pretty similar other than where they take place in the trend. A Phoenix is the first high and higher low to kick off a new uptrend. The Avalanche is the opposite. A flag just takes place in the direction of an already established trend as opposed to the beginning of a new trend.