Big Board Toolbox

[boca_bobby]

What a wild ride with RIMM. I have notice when tring to play the triangle patterns that when we see a break of a trend line, we sometime see a retest of that same trendline as new support or new resistance. But in the case of RIMM, we saw a beak out up and a few days later we see not only a retest but a total break down to the south.

Now we see another upswing to the origianl bottom trendline of the triangle. Lot of money could have been made if you were on the right side of those trades! And conversely, a lot lost if you guessed wrong. Very difficult to make a call with volitility like this.

This is where use of the RENKO charts would have come in handy. Look at this 5 minute chart for the past 20 days! Simply buying and selling as the EMA(3) crosses over the EMA(10) would have made a mint!

Boca_Bobby