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Re: spookytrades post# 58644

Monday, 06/29/2015 12:25:10 AM

Monday, June 29, 2015 12:25:10 AM

Post# of 68424
Triples are a constant in the wave that the market breaths. Double tops and bottoms are only 2 waves of direction at support/resistance and when the 3rd wave hits the support/resistance line breaks open.

As an example of 2 hits then 3 there's the 20 year Standard and poor's triple top breakout. the 1999 crash, then 2008, which ran into a double bottom, rushed back to the top and broke out. A bull triple top breakout.

If you took that same pattern and turned it up-side-down it would be a bear triple bottom crash.

.54 area has double bottomed, another hit makes the triple, up periscope!

(I really need to open a short account, it's much easier to find losers than winners)

Corn-fused-us Long-vestor ancient saying: Patience and small movements keep a steady course.

I don't have a humble opinion!


At's ma boy!