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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Doug R who wrote (32099)9/20/1999 2:16:00 PM
From: ivan solotaroff  Read Replies (1) of 79230
 
ZONA

Doug,

A cat-related Q that I thought actually pertained more to 56-hood than my little litter-box:
bigcharts.com
Q: Am I wrong in seeing a symmetrical triangle apexing today? I'm using 8/30 as the top from which to draw the top half of the triangle, and the last three days as the bottom.
Obviously, I'm not asking out of mere theoretical interest, but I am CURIOUS, and I mean that in the truest fiduciary sense of the word: When the number of days in the top half of a symm. tri. is this much greater than the number of days forming the bottom, does that tend to make it more a) bearish? b) BULLISH!!?? or c) IT DOESN'T MEAN A DAMN THING, IVAN?

A quivering,
Ivan
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