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More likely an A-B-C with upper target just above previous high of a few
days ago. Watch for a possible failure following such a break out. Same
pattern cocoa recently collapsed from. Same pattern that broke yesterday's
soybean rally.
However, this should not be confused with a prediction. It just means
that if such-n-such happens, you could position yourself accordingly.
Good luck with your decisions.
Scheier
Eric Porcher wrote:
> My fearful-then-greedy-then... eyes would say the Nasdaq (COMP) is in a
> 10-day symetrical triangle, with a breakout likely in a day or so.
> Would anyone care to educate me, whether I'm out to lunch, or to
> speculate on targets for upper and lower breakouts?
>
> Thanks
> Eric Porcher
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