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Re: None

Thursday, 07/15/2010 10:47:49 PM

Thursday, July 15, 2010 10:47:49 PM

Post# of 10457
My post from another board:

Green horizontal line was the ceiling to the action for the past year, and as you can see the price busted through that like a wet tissue. It then followed it up with a couple of months worth of bullish consolidation, which you gotta love to see on top of old major resistance, and then a few weeks ago we saw a mini breakout from that consolidation period (break of that descending green trendline). Since then the price has formed another consolidation period, and I'm strongly suspecting that a breakout from this consolidation is going to lead to a big runner.All in all it's a great setup, a year in the making. There's a reason I don't let setups like this fall off my radar, even if they stay there for a while, and hopefully we see why with this one.