Friday, December 09, 2011 9:26:35 AM
The 'Bowtie'
Here is the chart with the 'bowtie' and you can see so far the tests of it's top and bottom range. I would anticipate this to continue up until Christmas.
Will I be making trades based solely on the trading range?
Probably not but I will certainly be keeping it in mind.
Also look back to Oct 17th and you can see the 'diamond' pattern there to watch for.
Monday's have been good for reversal days, so if we end up flat today then watch for where the Market opens on Monday.
Have a Wonderful Weekend!
Here is the chart with the 'bowtie' and you can see so far the tests of it's top and bottom range. I would anticipate this to continue up until Christmas.
Will I be making trades based solely on the trading range?
Probably not but I will certainly be keeping it in mind.
Also look back to Oct 17th and you can see the 'diamond' pattern there to watch for.
Monday's have been good for reversal days, so if we end up flat today then watch for where the Market opens on Monday.
Have a Wonderful Weekend!
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
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