Bottom (and Top) Pickers, Unite! Message Board

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Strategies & Market Trends : Bottom (and Top) Pickers, Unite!

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To: Teresa Lo who started this subject	1/17/2001 11:37:37 AM
From: Teresa Lo	of 214

Rising Wedge: Example of short term top From our Trader's Master Class this morning: She Said: 01-17 10:56 (ET) So far, contracting volume, and trading range, with ADX at 53 on the 5M chart - tells us that it's getting a little stretched to the upside. We have to be careful on the long side, given the probabilities with this small rising wedge, as Carlos noted. ispeculator.com She Said: 01-17 11:17 (ET) And now, the wedge, after a trap at the top, comes back out, with a target of the low from whence it came. This pattern is exceeding hard to trade, but easy to spot, so if you see it, avoid it, especially on the long side. Some patterns we cannot make money with, but it will save us money. ispeculator.com Teresa

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