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NY_HOOD
 

Registered: Jun 2007
Posts: 1381

 

10-10-12 01:18 PM

FFIV has been forming a nice bottoming pattern. i would put in a stop just under 100 at 99.45. you could get a quick 7 points. as always, technical analysis is not an exact science but this pattern looks good thus far.

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NY_HOOD
 

Registered: Jun 2007
Posts: 1381

 

10-10-12 03:53 PM

i see it broke through my price point. lets see where it closes the volume looks a bit heavy so be careful until we get more clarity.

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Clubber Lang
 

Registered: Jun 2008
Posts: 2118

 

10-10-12 03:57 PM

TA is nonsense.

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Handle123
 

Registered: Aug 2007
Posts: 1037

 

10-11-12 04:39 PM


Quote from NY_HOOD:

FFIV has been forming a nice bottoming pattern. i would put in a stop just under 100 at 99.45. you could get a quick 7 points. as always, technical analysis is not an exact science but this pattern looks good thus far.



I don't see this at all, lower highs/lows to me means going down. Most bottom patterns don't have gaps. I wouldn't be surprised if it broke the lows set in July.

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