2 replies to this topic

[thespookyone]

Loved your May 6th chart of the Q's, the one with the center point. It quite resembles what my charting and views of the Q's say at this time. Without mentioning the formation, you have shown the reverse symetrical triangle, and your target for July lies at the lower right hand corner of the triangle, which I feel is quite correct. Because of the expanding nature of these patterns, speed will determine the bottom number-higher or lower, but, at this point I'm expecting you are dead on-provided we get a bit of chop along the way. Something to consider-your expectations seemed to be that the top in the Q's might go as high as 47.50, which, in your chart would have tapped the top of the triangle. Again, because of time issues, the top was actually tapped today, which may have completed "D" and a run to the lower right hand corner="E", from which a pretty massive bull rally should ensue. Just my thoughts, I learned my lesson on these RST's roughly 2 years ago, and they do have an uncanny way of seeking the next "letter" out-at the tops and bottoms of the triangle. I would guess that after we break back up to the top of the triangle, we break through it into a continuation pattern that is the distance of the width of the triangle,added to the top line where we break out=HUGE. When we hit the bottom of the triangle-I'm going to snort louder than Da Chief(if that is at all possible). At any rate thanks for a great, and I think, quite accurate, chart! Spooky

[thespookyone]

Link to teapartys' chart, the one with the center point.

http://www.traders-t...showtopic=69865

[CLK]

Tea may be right. Need alot of fuel to get over that tops line.