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To: Petrol who wrote (56685)10/16/2002 12:19:56 PM
From: Shack  Read Replies (1) | Respond to of 209892
 
The chart set up is the reason, just a wiggle trade:

From my post:

I am trying to get long BRCM which has a sweet wedge setup on the wiggle chart and just closed the gap.

Not long yet.



To: Petrol who wrote (56685)10/16/2002 12:27:07 PM
From: bcrafty  Read Replies (2) | Respond to of 209892
 
Petrol, look at BRCM on a 3-minute chart
(or 1-minute or 5-minute or whatever) and you'll see a bullish declining wedge formed from yesterday's close, with a break of the UT around 11.70.

That's the "sweet wedge setup" on the wiggles that Shack sees.

BTW, I already know that absolutely nobody will follow suit here, but I believe that everybody that discloses a trade they've made or are contemplating making should also clearly state what they see in the charts that are causing them make the trade. At a minimum people will show how good their peepers are, and the rest of us might learn something or at least get a heads up on an attractive opportunity.