Break Out On February 21st, 2012

Break Out On February 21st, 2012
Hi everyone, I'm not going to be too long with this article, simply because there's not much to say. I know it's been awhile since the last trade but you can't yell at the market and tell it to hurry up. Patience is the definite key to success. If you find yourself on the wrong side of the trade, know what your losses are in advance before the trade is made.

Looking at my SWING TRADING FORECAST MODEL we have a pivot point due for Feb. 21, 2012 for the financial markets. and looking at the patterns in the market, it looks like a broad based move to the upside. The unfortunate thing is, it probably won't be sustained. I say this because of the triangles in place. When you have a triangle, the break out, from that triangle is the final move and is usually same distance as the widest part of the triangle.

• We have a pivot point slated for Feb. 21, 2012
• We have a pivot point slated for March 5, 2012
• We have a pivot point slated between March 19th - March 22
• We have a pivot point slated for April 5 / 7th

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