no that's greek to me....Originally Posted by Brandon Matthews
Now that's a triangle.
SIRIUS XM SATELLITE RADIO FORUM
no that's greek to me....
Now that's a triangle.
click on the attachment
So the question is, when does it resolve, and which direction?
Does anyone know what is going on AH? Nasdaq.com shows the last trade at 18:22 and nothing since.
I do. The MM's went home.
It resolves within 1-3 weeks (been about 1 1/2 now).So the question is, when does it resolve, and which direction?
The direction is not in question. At least not yet. It will follow the original uptrend.
http://www.trending123.com/patterns/...h_pennant.html
Brandon,assumiing one side of triangle is representing upward trend,but what is top line of triangle mean(nov 08 high)?
Does anyone else think or at least hope this is the CALM before the storm?
zzzzzzzzzzzzzzzzz
Maybe it is a good sign of things to come this month. I can not figure his stock out, it totally goes against traditional thinking.
Actually very surprisingly behaving like a normal stock since it broke out of the .15 cent range. Huge up swing, followed by a period of consolidation, checked support, and now is checking resistance. Pattern in this mini move we have seen since March is higher lows, pretty consistantly. Bottom of .32 is fully tested, IMVHO. No reason for it to go back there, without news. .34 is 99% tested, IMVHO. Now we need to hold and close over .36, to set up another resistance check. If cleared, you could see a 10 cent jump very quickly, before a retrace.
Last edited by relmor2003; 04-06-2009 at 08:13 PM.
The top line is a downtend. Thats what makes it so exciting. It's a final battle of supply and demand. The uptrend gives the edge to demand (the uptrend).
You cant have an uptrend and a downtrend. Someone has to win.
