Trend Setters and Range Riders Message Board

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Strategies & Market Trends : Trend Setters and Range Riders

MSFT 472.22

-1.3%

Nov 21 9:30 AM EST

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To: milesofstyles who wrote (16306)	4/23/2002 10:25:44 PM
From: Susan G	Read Replies (1) of 26752

I was wondering if it was being overanalytical when I saw that pattern <g> but when it started to break, it proved how powerful that pattern can be! Here's what I was watching. Not perfectly symmetrical, but whenever I've seen a diamond pattern form on the NQs, they usually end just like this. It seems to happen often around a "line in the sand" - an important support resistance line (this one was around 1350), as shorts and longs battle up and down around that line, forcing it above and below that center resistance line. Seems to work even on shorter time frames too. mywebpages.comcast.net

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