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Re: None

Monday, 02/27/2006 10:54:54 PM

Monday, February 27, 2006 10:54:54 PM

Post# of 326352
Re: Ascending Triangle timing...

....and a bit more yammering.

Some have been asking "how many more days until this pops".

My response would be to just be patient and let it play out. The important thing (for those who are following it and might add to positions if a breakout occurs) is that you now have an outcome to watch for with well-defined barriers. That puts YOU in control and that's what trading/buying/holding/adding is all about.

Could news be the trigger for a breakthrough.... of course. But it's not necessary. There are many chart watchers, and alerts will go off if this breaks through on volume. Well-defined patterns tend to be a self-fulfilling prophecy. Everyone knows what the pattern is "supposed" to do so, absent sideswiping negative news, they tend to play out as expected.

Final comment: The stock game is not about predicting.... that (I'm sorry) is a fool’s game. It's about having knowledge that gives you control... and that give you power and conviction.

The reason there are almost no rich "pedestrian" day traders (and there aren't) is because luck or tips will never get you there. It's hard work and discipline.....just like most things that can produce big payoffs.

I really DO have a great sense of humor.... but how many people are giving you the perspective that I am? There are MANY others who are quick with a laugh on chat rooms and I will leave that the them.

Chartist1