May 27, 2010

INTRADAY UPDATE: TRIANGLE BREAKS ON THE DOWN SIDE

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S&P 30 MINUTES CHART

  • S & P 30 MINUTES CHART IS SHOWING A TRIANGLE FORMATION
  • BREAK OUT ON EITHER SIDE CAN GIVE 20 POINTS MINIMUM.
  • CAUTION: TRIANGLES ARE KNOWN TO GIVE FALSE BREAKOUTS.
THANK YOU

2 comments:

  1. Blog is looking sooooooo executive like your analysis :)

    Regards

    ReplyDelete

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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore