Zeev's Turnips Patch-No Politics (ZEEV)

[augieboo]

brainlessone, with the help of my secret decoder ring, (and 20-20 hingsight), NOK looks like a big rectangle. According to everything I've read, rectangles tend to give very nice profits, (in the 20-40% range), and are quite reliable once they've chosen a direction and broken out.

So, how do you figure out which way the pattern will break?

It's so easy it's simple -- wait until it breaks. Until then, it's a coin toss.

Here is a chart showing the rectangle, along with two alternative ways you could have traded the pattern. The option in red denotes the way I probably would have played it, (assuming I had seen the rectangle in time to play it at all). The blue depicts the "perfect" trade.







MDA Thread #board-1320
Turnips Thread #board-1125
Trading Info #board-1220
Retrace #board-1345
PPT #board-1280
http://www.angelfire.lycos.com/goth/augieboo