august week 1 2010, page-74

GJ,

They were simple action/reaction lines. (a la Roger Babson)

The thick line I just used a low and and a high to line it up (there is a dud bar from yahoo data which shows the same level a couple of days later)

I then just went for the middle of the obvious gap and it all fell into place. I dont know whether it means anything, or whether I have done something wrong. It is something I have been playing with for a while which looks like it works, but I have never traded it because it looks a bit long term for my taste.

As a matter of interest, I sold my RXM @ 62.5 after a 2 or 3 day hold, immediately before it went balistic.

Made quite a bit, missed a whole lot more.