OptionsTrader
10-01-2007, 12:54 AM
As possibly a leading indicator, there is a "cup and handle (http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patt erns:cup_with_handle)" pattern in Ron Paul's intrade chart (http://data.intrade.com/graphing/jsp/closingPricesForm.jsp?contractId=443007&tradeURL=https://www.intrade.com), which has begun to break out already.
http://i24.tinypic.com/106iz9l.png
When you chart a commodity, like oil for instance, and it starts trading in what is called an ascending triangle pattern, odds are it is going to break out to the upside. Ascending triangles are generally considered bullish and are most reliable when found in an uptrend.
http://www.chartpatterns.com/images/2asctr~1.gif
Most people don't even know who he is. But, is "Ron Paul" as a google phrase about to follow the intrade breakout?
Looks like an ascending triangle to me. If Ron Paul was a commodity, he would be a buy.
http://i24.tinypic.com/16bf3g5.png
http://i24.tinypic.com/106iz9l.png
When you chart a commodity, like oil for instance, and it starts trading in what is called an ascending triangle pattern, odds are it is going to break out to the upside. Ascending triangles are generally considered bullish and are most reliable when found in an uptrend.
http://www.chartpatterns.com/images/2asctr~1.gif
Most people don't even know who he is. But, is "Ron Paul" as a google phrase about to follow the intrade breakout?
Looks like an ascending triangle to me. If Ron Paul was a commodity, he would be a buy.
http://i24.tinypic.com/16bf3g5.png