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Pastimes : All Clowns Must Be Destroyed
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To: IceShark who wrote (35650)5/25/2000 12:56:00 PM
From: John Graybill  Read Replies (1) of 42523
 
You can draw a nice line connecting the recent highs, which are getting lower, and one connecting the recent lows, which are getting higher. It looks like the lines converge on June 6 at $59.10. That's the triangle. But the price will break out of the triangle before that, and for the past couple of months they've pretty much gone down once they decide to break out of the triangle.

Check THDO and HIPC as just two examples, NASDAQ before the recent unpleasantness, and Tuesday's NASDAQ graph. The trading range gets smaller and smaller and then all of a sudden it moves more in one time period than it did for like fifteen time periods in a row, whether it's minutes or hours or days.
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