Sunday, October 19, 2008

that damned triangle is back

place your bet

1 comments:

ShortBus said...

These same kind of triangles formed in '29 and '87 , the only thing that came out of them was a slow drift higher for several months and then collapsing again months later.

If history is any guide, it will not be the explosive move like we would normally get from a triangle breakout.

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.