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Strategies & Market Trends : Longer-Term Market Trends

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To: AllansAlias who wrote (1289)7/7/2008 6:39:57 PM
From: Perspective  Read Replies (1) of 3209
 
TNH - here's an intriguing one. It strikes me as the "spirit" of an ending diagonal, even if it isn't a pretty, converging pattern:



Certainly quite a run:



EDIT: and that should be a lesson to anyone (including me) that waits for corrections to establish positions in trending stocks. Following the late 2006 breakout at 25, there wasn't a single 38% correction until after it hit 120.

`BC
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