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Strategies & Market Trends : The Options Box

QQQ 599.87

+0.6%

Nov 19 4:00 PM EST

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To: Poet who wrote (7002)	11/10/2000 8:12:53 PM
From: Lost to Voodoo	Read Replies (2) of 10876

We're debating nomenclature, but a descending triangle (which is the closest pattern I think) has a 45% failure rate before breaking, so unless we have a protracted break below 3K (more than one day, on very heavy volume, with follow-through) it's essentially 50-50 in my book. But if it does break seriously...

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