Discussion in 'ETFs' started by Jumpshot, Jul 14, 2009.
Anyone notice this channel?
Saw that as well. Don't really trade it. Use it more as a barometer but noticed it as well. Text book example. Good post.
I find that channels are great in hindsight.
Looks like price blew through the channel.
What a classic breakout gap...textbook!!
After a breakout, stock/index tends to go back to the breaout point or trend line to test it again.
Look at the H&S pattern on DIA for example. DIA went below the shoulder line but went back up and blew thought shoulder line.
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