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To: James Wright who wrote (416)6/16/1998 8:32:00 AM
From: TATRADER  Read Replies (1) | Respond to of 600
 
Nice lesson on Descending triangle...When a stock proceeds to the apex, I view it as a non-event, in other words no indicator of up or down movement...This stock is a trading range stock..I have the trading range from 2.37 to 3.46..There is a play here on the long side...But is a minimal move...Historical volatility on the 6 and 10 day is calling for one...But it will not be anything to write home about...However, if you are playing a trading range stock, the place to buy is at the low end of the range, and then sit and wait......Best regards, Mark