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Strategies & Market Trends : Sharck Soup

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To: velociraptor_ who wrote (12726)	3/22/2001 10:27:15 AM
From: marc chatman	Read Replies (1) of 37746

Velociraptor -- how do you determine whether a pattern is a declining parallel channel or a falling (bullish) wedge? I notice on the SPX, the price broke down yesterday afternoon, while on the COMPX, the last drop down yesterday didn't quite reach the lower line of your purple channel. It does appear to be breaking down now, so it seems like a very good observation on your part. That failure to drop to the line yesterday had me erroneously calling the COMPX chart a wedge. TIA.

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