Thursday, February 21, 2008

Triangle's still

The nimble traders have made a killing playing this triangle from bottom to top and back again. But this gig is up.....Friday will be the reckoning day and if the overall trend holds it should be a breakout to the bottom side. However, I would not be surprised to see another Short shakeout move higher before the selloff. We shall know the answer for sure by Monday's close.

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