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Strategies & Market Trends : Charts for Quick CASH $$$

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To: Carole who wrote (7133)4/6/1998 11:27:00 AM
From: HeyRainier   of 9262
 
[ OMGA Ascending Triangle(EDITED) ]

Ascending Triangles fall under the "Reversal Patterns" category. Recall:

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Given the category, it would appear that some believe they're more effective breaking out from the bottom than from the top. I've seen both work out pretty well, but the topside breakouts have little to no overhead resistance on them, which makes their advances less hindered.

Here's OMGA's:

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Note also that we will very soon get a Momentum Crossover (50) from negative to positive territory, a buy signal as indicated by CNBC's Technical Analyst.

Regards,

Rainier
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