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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: Runomo™ who wrote (69929)	11/15/2011 1:41:51 PM
From: lipid	Read Replies (2) \| Respond to of 207371

"it's a simple consolidation pattern correcting the rally off the october lows..... the 1120 and the lower numbers are just wishful thinking imho......" I recognize the consolidation aspect and would be slap happy if it is .... no wishing for lower from me ... but markettes will flumtuate. but bulkowski finds no direction of the breakout is predictable ... dead even ... on symmetrical tri's .. chapter 41 in his encyclopedia book. 20% of the symm tri's have premature breaks (usually false breaks) at 71 to 76% to the tri's apex ... this friday is about 75% ... bulls should a false downside break, right? :) break up or down gets about 10% move and lasts for 40-55 days