Simple's Green Room

[pennies2007]

On the TDI, yes. Plus, keep in mind that the market has a strong tendency to run stops and frustrate traders. How many traders do you think there are that believe the top is in on EA here? So where would they have their stop losses placed? That's right...just above the double top at 1.4655. If you were a broker and you wanted to pocket as much as you could on stops, you would take the market a bit above that level, take out the stops, and then turn around and tank it just to piss everybody off...LOL!

Plus, the flag breakout pattern has been predicting a hit at 1.4670 to 1.4675 all morning long and that hasn't completed yet.

I would venture to say that the next move up, if it materializes as expected, will be fairly sharp and quick.