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Post# of 53763
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deadjim

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deadjim

Re: neophyte184 post# 26922

Sunday, 02/07/2010 8:20:29 PM

Sunday, February 07, 2010 8:20:29 PM

Post# of 53763
sure.
I'm looking for a consolidation pattern and an RSI(9) breakout close on the daily. If it's going to .25 as some are saying, then it should consolidate just under .14 and give a breakout signal before it happens.

here's a picture of what i'm referring to. this is a screenshot of VTSI from April to September of last year. notice the RSI breakout while still sideways under previous high resist and the following high of day closes

http://2.bp.blogspot.com/_1YXfaSRrRE4/S29l_KuU8II/AAAAAAAAAKk/g7dRySpd7xs/s1600-h/VTSI+pattern.png
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