Thursday, March 10, 2011

3/10 3:20

My stop on 2% SSO is 1294 SPX.  1292 on another 2% SSO.  The 5 up count means that any new low should be trivial.

2 comments:

  1. Steve
    many times with a triangle, what you see is a false break one way then sharp reversal back to the true resolution. We may see that again here: it's what Jeff Cooper calls a triangle pendulum
    Charles

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  2. Charles, I agree. I use the Elliott interpretation which is not as subject to the "breakout". I'll check out the triangle pendulum.
    Thanks.

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