Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 43.26

+3.7%

Dec 22 4:00 PM EST

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To: Runomo™ who wrote (69960)	11/15/2011 2:46:59 PM
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Run ... look at the 'example chart' and caption of Administaff at the bottom of the page for the pullback and false break the key that I found quite helpful is that the pattern remains in effect until the apex is passed by price... so anything can happen up to the very apex of the tri fwiw, one last thing, the fake break is often preceded by a leg in the tri failing to actually touch the upper or lower trendline... then the reversal that takes price below/out of the tri .... that's my observation ... then the return back into the formation and often will then rush to the opposite trendline and and exit on the other side by about the same amount as the fake break, turn around on a dime and test the trendline it just broke through. so it's a kind of "tit-for-tat" balancing of excursions on the tri.

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