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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Galirayo who wrote (35264)11/9/2000 9:17:37 PM
From: Stcgg  Read Replies (1) | Respond to of 42787
 
Ray - JDSU Resolution..

That large descending triangle from March thru May was invalidated once the bullish flag developed, causing ultimate resolution to follow the flag pattern.. This shows the power of the most recent pattern and why it's dangerous to rely on long-forming patterns for daytrading..

JDSU is still in it's original descending triangle formation which I expect will yet resolve to the downside, but such large patterns are useless when trading in days vs months, imo.. In fact the recent break looks to be it's resolution..

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