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Old 31-01-2007, 05:56   #32
Trader02
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Re: High Frequency Trading

More rapture with trendlines:

Please use a ruler and pencil to connect the Nov 28 & Jan 8 bottoms, but use gloves because picking bottoms causes smelly fingers.

Then move the ruler to the right and extend the line.

What do you see now?

There may be 50 ways to leave your lover but there will be no SHORTY unless this line is broken decisively.

Regardless, we must also have a close below the 34 to inspire confidence.

Then we're off to the races with minm. target @ 61.8% retracement @ 11,870.

One step at a time, but I do love it when I see a nice rounding top/bottom; but like in real life you must wait for a signal before you squeeze, or else its jail or the Salvation Army.
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