This, however is a reversed pennant formation. Apart from the fact that this is the October sugar contract which you wouldn't want to be trading anyway for obvious reasons, you'd also want to stay away from this particular sort of pennant. Why? Because it's not a pennant! It's the Antipode of pennants. The distances between highs and lows are increasing, which means as a short term trade (which is what most short funded traders do) you'd have a huge gap between your entry and your stop...which of course means a lot of money at risk.

There's another lousy pennant in Feb Bellies according to Mikey, and he says he wouldn't trade it. Can you see why? Any questions, or anything to add to trading pennants? Tell me!

Arbitrage:
Trying to profit by exploiting price differences of (almost) identical financial instruments that trade on different markets. The ideal situation is where a buy and sell take place simultaneously, thus generating a profit with (almost) zero risk.

ARIES (March 21-April 19): Temper tantrums will be hard to control. Throw anything but the computer. You will find that everything and everyone will annoy you, in fact, people suck. You must direct your energy into physical work at home to avoid major upset, yeah right, kick the neighbours cat instead.

TAURUS (April 20-May 20): Exploit your creative ideas, build a bomb. You will be called upon by fellow traders to put in extra hours on the forum. Depression will only slow you down, but the medication is great.

GEMINI (May 21-June 20): Your ideas to improve your trading efficiency will win you friends and influence newbies. Friends cost you money, play with paper dolls instead. They are cheaper and easier to maintain than the inflatable vinyl kind. Light them on fire if they annoy you.

CANCER (June 21-July 22): You'll be upset if your lover hasn't been spending enough time with you, rightly so, they're getting it from someplace else. Make sure you don't overreact to the situation, it must look like an accident. Your mate may be busy making money to contribute to a more comfortable life, unfortunately, you're not included in that life. Don't try to take your frustrations out on the markets.

LEO (July 23-Aug. 22): You will be tempted to put unreasonable demands on a your broker. Keep in mind that taking someone for granted is likely to end the relationship, so take monstrous advantage of them while you can! They make more money than you do, anyway.

VIRGO (Aug. 23-Sept. 22): Uncertainties regarding trading and investment groups may pose a few questions. If you feel the least bit uncomfortable, back away from these acquaintances. Better yet, get in the car and back over these acquaintances.

LIBRA (Sept. 23-Oct. 22): Unusual happenings in your home environment may disrupt your regular trading routine, throw a fit. Be prepared to help older family members with their problems, fill in for Doctor Kervorkian. Confusion will cause some depression, but the inheritance will be worth it. You need to curb your spending habits: too much on food and not enough on trading paraphanalia.

SCORPIO (Oct. 23-Nov. 21): Your jealous nature will rear its ugly head. You feel everyone else is making money but you. Don't jump to conclusions, blaming your broker for things that are hearsay. Wait until you catch him in the act.

SAGITTARIUS (Nov. 22-Dec. 21): Get up early and finish all those chores you wanted to get out of the way. You'll have the rest of the day to spend trading.

CAPRICORN (Dec. 22-Jan. 19): Emotional confusion will lead to infatuations. Be careful that you don't make a fool of yourself. You're supposed to trade cows, not date them.

AQUARIUS (Jan. 20-Feb. 18): Secrets can be betrayed. You must not share your private thoughts with people you aren't sure you can trust, like your broker. Concentrate on getting the most for your dollar. Investments can be good, invest in beer.

PISCES (Feb. 19-March 20): Group ventures will be uncertain. Be careful not to put too much of your own money on the line, use someone elses. Risks will result in loss. Ask for sound financial advice and do exactly the opposite.