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Strategies & Market Trends : Technical Analysis With Charts -- Ignore unavailable to you. Want to Upgrade?

To: MACD X who wrote (5737)	9/27/2007 8:03:21 PM
From: jaker	Respond to of 6865

This was an exercise in " I didn't have anything else to do" I picked up on the Symetrical Triangle in the QQQQ 5m fairly early today and was trying to decide which way it would break? I do no know if anyone trades Forex here. But often other markets can give leading hints about other markets. Forex is the big daddy over all markets. I look at it as where money is flowing.Which can have an effect on other markets. Most have heard of the Carry Trade, I do not believe it is Dead, yet. Today when it bounced. The hint was in, about the direction of the QQQQ sym. T USD/JPY had no Sym. T Granted this was just a little intraday exercise.. but wanted to show that most markets are inter-related in some way. FOREX does not close over night. Which is a useful factor in determining the morning gap... of course the futures markets help too.. but the more ducks lined up the better. h1.ripway.com h1.ripway.com