Replies to post #273822 on Zeev's Turnips Patch-No Politics (ZEEV)

[gtober]

It's not yet, but visualize the formation if 1850 breaks.

The trap hypothesis is reaching to be sure. First and foremost we will have broken a triple bottom. But, it is a common pattern in PnF to form a Bear Trap if we can reverse 3 boxes up off of the broken triple bottom.

Then, one would want to be clear of the train tracks.

The bear trap illustrated:

http://stockcharts.com/webcgi/Pnf.asp?S=LMT

[gtober]

By the way, to understand PnF all one needs to understand is horizontal support and resistance. That's really all it is.