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Wednesday, October 25, 2006

Chart Study - X & TIE



I saw Wall St Warrior (aka Trader Jamie) feature X as a NR7 price expansion today. Coincidentally, I noticed X as well, but for another reason -its Flag pattern. Did not occur to me its a NR7 until I read on his blog, thks Jamie for pointing this out.


As with X, TIE also in a consolidation mood until its breakout today. Again another NR7.

Note how both X and TIE have lower than average vol. during the consolidation period & surge in vol. when breakout.

posted by Simply Options Trader at 4:45 PM PERMALINK


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