Exposing Ideas to the Envelope of Serendipity

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Wednesday, February 24, 2010

Predictive Patterns

Yesterday, when I first typed to the blog, I called attention to a head & shoulders pattern that had formed in the futures, with the pattern looming in the /NQs particularly well-defined. While certainly not an exact science, using pattern resolution targets can help guide both long and short-term entries and exits. The session low in the /NQs turned out to be within 0.25 pts. of the projected pattern target.

Trade well.

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