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To: NucTrader who wrote (358627)2/20/2008 6:33:45 PM
From: MythMan  Read Replies (1) | Respond to of 436258
 
so was today the fake out or not big enough?



To: NucTrader who wrote (358627)2/21/2008 11:17:02 AM
From: LTK007  Read Replies (1) | Respond to of 436258
 
<<To: max90 who wrote (358602) 2/20/2008 6:23:41 PM
From: NucTrader 4 Recommendations Read Replies (1) of 358757

Someone on a different thread was noting how the market has been hugging the mid-BB, saying it was UNUSUAL, and they'd noted from past experience it was a WARNING a big move was imminent. They and one other poster noted the FIRST direction of the explosive move, when it came, was almost always a fakeout and the actual move would be in the opposite direction. You're not the only one seeing "something big" in the offing, FWIW... >>

The high today broke above the top side of the symmetric and also the topline of the BB and has been down since.
That may have been your Head Fake.
A confirm would be now to have next in sequence a break below BB bottomline and my lower line of symmmetric
Our parameters now are 1363.75 and 1333.25 as of NOW. Max