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Strategies & Market Trends : Trend Setters and Range Riders

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To: bobby is sleepless in seattle who wrote (1853)1/23/2001 9:56:31 PM
From: Susan G  Read Replies (1) of 5732
 
Signal Watch...I've often though this guy was right on target, but last nights prediction was particularly amazing.

NASDAQ Composite As I expected, the NASDAQ took us out of our Long from 2,525, giving us a 225 point profit on that move. From today's action, a highly productive pattern has formed in the 15 Minute Chart - a narrowing triangle with an upper line crossing just above the current (closing) value - about 2760. For tomorrow, I am expecting the index to break this line hard (to the upside). If it fails through 2,725 instead, that will be just as significant, and in that case we will play the short side.

Here's todays edition
signalwatch.com
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