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Re: frodo_1978 post# 7746

Tuesday, 06/07/2011 12:42:52 PM

Tuesday, June 07, 2011 12:42:52 PM

Post# of 19899
Hey Frodo how does the Cup & Handle look on your charts? Seems we are still strong in this sideways trading area?? imo


Investopedia explains Sideways Trend
Sideways trend is generally a result of the price traveling between strong levels of support and resistance. It is not uncommon to see a horizontal trend dominate the price action of a specific asset for a prolonged period before starting a move higher or lower. Brief consolidation is often needed during large price runs, as it is nearly impossible for such large price moves to sustain themselves over the longer term. lets hope

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