madmacs, page-2

re: xmagx chart Hi
I have missed so many good trades on stocks that trade thinly and only put beer money on them If ever.
Anyway this looks OK
the prevailing pattern to look for here is the inverse Head and shoulders pattern It basically moves in 50% increments
from head to neckline to shoulders
I overlaid a set of white quadrants to show you
The middle of the three downward trendline intersects the neckline and shows this pattern forming..You can see that upper trendline also needs to break and may be your next resistance..As your not a trader I wont bore you with stoplosses, this trades to thinly anyway...
goodluck
john