"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Wednesday, March 23, 2011

HUI: Symmetrical Triangle it is...

NFTRH128 ID'd this thing last weekend as a caveat to its somewhat cautious stance.  A Symmetrical Triangle is a continuation pattern and this baby loads a target well higher, on the way perhaps to NFTRH's ultimate upside target of the 3 Snowmen @ 888.  Still, a decline to the lower line cannot be ruled out within a bullish set up.

The Snowmen are measured off of a massive pattern by weekly chart.  This is fun, especially since I welcome upside or down right now.  We always get where we are going with patience and perspective.

http://www.biiwii.blogspot.com
http://www.biiwii.com