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xxrayeyes

07/18/02 9:56 AM

#1137 RE: Bird of Prey #1136

Excellent! I too, think it is early yet and difficult to tell which way it will go. I also agree that there is money to be made trading the channel. You have a good idea of where support and resistance are and you have a good idea of where to place your stop loss order. It is as you say. Buy at support, sell at resistance until resolution. Upon resolution, you should be able to go long or go short at the proper time to catch a big move. Triangles are generally continuation patterns and the most recent trend was up so in my early guess I must disagree with you and say that the uptrend should continue. I reserve the right to change my mind at a moments notice though. LOLOL!

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