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To: Robert O who wrote (2773)11/4/2013 2:07:16 PM
From: The Ox  Read Replies (1) | Respond to of 8288
 
I thought I'd post this, as the more I see it the more fascinated I get.

So often, you can take a stock in a short term trend, like FB the last 2 days, and draw a straight line through the tops (since it's in a downtrend) or through bottoms, when a stock is in and uptrend and know that the computers and traders are all going to move based on this line.

It would seem that a stock like FB, with the massive volume (and following) wouldn't succumb to this type of obvious move. Yet it happens all the time.

I'm finding myself trading this pattern more and more frequently.