huge breakout about to occur imo, page-6

  1. 2,859 Posts.
    Well I certainly agree a big breakout is imminent. The wait is excruciating. It's getting liek a coiled spring wait to unleash. bang up to resistance today at $27.60 and those that buy breakouts now have a clear breakout level to buy at. I now have a buy on stop order on a break of $27.60. However, I still think there is one last move that can run some stops under Tuesdays low around $26.80 before this thing starts going parabolic.

    I think you're a bit bullish there though us. I often see chartists post a chart with a trendline running down from the top and get excited about a break. It then breaks but doesn't go on to break the secondary top, in this case around $37.50. Happens ALL the time.

    EC
 
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