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Re: SantaCruz post# 273822

Friday, 07/23/2004 11:01:25 AM

Friday, July 23, 2004 11:01:25 AM

Post# of 704048
It's not yet, but visualize the formation if 1850 breaks.

The trap hypothesis is reaching to be sure. First and foremost we will have broken a triple bottom. But, it is a common pattern in PnF to form a Bear Trap if we can reverse 3 boxes up off of the broken triple bottom.

Then, one would want to be clear of the train tracks.

The bear trap illustrated:

http://stockcharts.com/webcgi/Pnf.asp?S=LMT

GT

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