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Message: Re: We're red....Moxa1

Apr 08, 2008 05:51AM
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Apr 08, 2008 07:15AM
"As a reminder, symmetrical triangle patterns have no bias as for the break out price bar (bullish or bearish). If an NR-7 indicator (or close resemblance of such) is hovering on or near the bottom support line of the triangle, then the pattern is predominately bullish. If on the other hand an NR-7 indicator prints nearer the top resistance line of the triangle, then the bias is more bearish.

Today's indicator is not resembling an NR-7 but is merely resembling that of expected trading touching the support line."

Doesn't anyone buy this anymore because PTSC takes in millions and has no debt? ..LOL

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