Small Caps Breakdown To New 52 Week Lows From A Descending Triangle
A Descending Continuation Triangle is considered a bearish signal, indicating that the current downtrend may continue.
Descending Continuation Triangle features two converging trendlines. The bottom trendline is horizontal and the top trendline slopes downward. The pattern illustrates lows occurring at a constant price level, with highs moving constantly lower. The pattern displays two highs touching the upper trendline and two lows touching the lower trendline.
This pattern is confirmed when the price breaks out of the triangle formation to close below the lower trendline.
Consider the duration of the pattern and its relationship to your trading time horizons. The duration of the pattern is considered to be an indicator of the duration of the influence of this pattern. The longer the pattern the longer it will take for the price to reach its target. The shorter the pattern the sooner the price moves.
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8. Advanced Stock Scan Screener Search Criteria Defined Instant Gratification Lookup (Review Video)
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On the lighter side...........
CEO--Chief Embezzlement Officer.
CFO--Corporate Fraud Officer.
BULL MARKET--A random market movement causing an investor to mistake himself for a financial genius.
BEAR MARKET--A 6 to 18 month period when the kids get no allowance,the wife gets no jewelry.
VALUE INVESTING--The art of buying low and selling lower.
P/E RATIO--The percentage of investors wetting their pants as the market keeps crashing.
BROKER--What my broker has made me.
STANDARD & POOR--Your life in a nutshell.
STOCK ANALYST--Idiot who just downgraded your stock.
STOCK SPLIT--When your ex-wife and her lawyer split your assets equally between themselves.
FINANCIAL PLANNER--A guy whose phone has been disconnected.
MARKET CORRECTION--The day after you buy stocks.
CASH FLOW--The movement your money makes as it disappears down the toilet.
YAHOO--What you yell after selling it to some poor sucker for $240 per share.
WINDOWS--What you jump out of when you're the sucker who bought Yahoo @ $240 per share.
INSTITUTIONAL INVESTOR--Past year investor who's now locked up in a nuthouse.
PROFIT--An archaic word no longer in use.
JL your posts today and yesterday are just what I need to speed up my learning curve on your t123 website.
I am a part time swing trader on my working days and a new day trader on my days off. I am trading in several accounts and have been able to double almost all of them in the past 2 months. Thanks for all your great option picks and funny commentary in the trading room
Denny
John,
your option trades are fantastic!!! My portfolio has doubled in the last 2 weeks.
Keep up the good work.
Donald
Congratulations to all of you who have done so amazingly well......and thanks to JL for his picks ..and for starting this thread which gave us the courage to change and the opportunity to rebuild...and thanks to the trader I'll call G who told us that he bottomed out twice and made it back... and finally thanks to Bullishbud for his support.
Good trading to all.....best wishes from us both....Kelly and Ted
Kelly and Ted
