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    Forums ›› Main ›› Trading ›› Are we gonna break out of this triangle up or down?  

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Break out to the top 7 28.00%
Break out to the bottom 6 24.00%
You drew those lines wrong, idiot 8 32.00%
I don't know 4 16.00%
Total: 25 votes 100%
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1a2b3cppp
 

Registered: Sep 2008
Posts: 2500

 

07-12-12 08:56 PM

Here:

triangle.gif
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FreakofNature
 

Registered: Jun 2011
Posts: 1052

 

07-12-12 08:59 PM

If you go by the low of the 25th instead of the gaming trendline that you used I think we already did.

Trendlines can be so subjective you know.

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gmst
 

Registered: Jul 2011
Posts: 3695

 

07-12-12 09:07 PM

Down.

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ammo
 

Registered: Feb 2007
Posts: 18258

 

07-12-12 09:11 PM

july spy puts/calls say 132-135 for now

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1a2b3cppp
 

Registered: Sep 2008
Posts: 2500

 

07-12-12 09:16 PM


Quote from FreakofNature:

If you go by the low of the 25th instead of the gaming trendline that you used I think we already did.

Trendlines can be so subjective you know.



What is a gaming trendline?

Here I redrew it using the low of the 25th:

triangle 2.gif
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FreakofNature
 

Registered: Jun 2011
Posts: 1052

 

07-12-12 09:34 PM

OP,

This is what I mean.

How do we know its yours or mine, a matter of pivot selection.

If we go by yours its unbroken, but then again you skipped previous ones.

If we go by mine its broken.

Too subjective.

tl.png
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