The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at
I am always open to questions, comments, or suggestions on how to improve this blog.

Sunday, February 28, 2010

RIMM ahead

A cup w. handle pattern formed in RIMM since the beginning of the year (though we can argue that this cup and handle extends back to September '09). Recently, it seemed to have found support at a previous resistance pivot around $68. The breakout point of the rim, is around $72 while a measured move has potential for a gap fill left from a previous earnings disappointment back in September.

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