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TREND1

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Re: None

Monday, 10/22/2007 2:02:34 PM

Monday, October 22, 2007 2:02:34 PM

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(6)Return to Breakout: A basic tenet of technical analysis is that broken support turns into resistance and visa versa. When the horizontal support line of the descending triangle is broken, it turns into resistance. Sometimes there will be a return to this newfound resistance level before the down move begins in earnest.

Comments:
(1)Should I use the horizontal support line as a STOP LOSS,
since support become resistance ?
(2) Sonnds reasonable.
(3) Any comments before I start programming ?


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