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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: John T. who wrote (25548)7/17/2000 3:07:24 PM
From: Paul Shread  Read Replies (1) of 42787
 
What do you make of it? It's unlikely this could break out to the upside, but there are exceptions, I guess. Could it be a rounding pattern? That's one possible way, perhaps the only one, to get a wedge that might not necessarily be a wedge. How's the Nasdaq wedge's upper boundary? I do have one example of a wedge that broke to the upside -- right before it collapsed to the downside.
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