Wedges, triangles, and stuff: Chart patterns for breakouts Message Board

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Strategies & Market Trends : Wedges, triangles, and stuff: Chart patterns for breakouts

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To: HeyRainier who wrote (16)	5/23/1997 6:00:00 AM
From: Mike Kehler	of 257

That definately is a nice wedge on MTZ chart, unfortunate that we are a couple days late. Also, looking at the 5 year chart, it looks like it almost completed a H&S top before the wedge developed (it looks the H&S may still complete, albeit unlikely). Should be an interesting one to watch. The wedge on SUS is also interesting, another good find. Suspicious of the low volume today, looks like a move is very near (direction is not entirely clear to me, but seems to favor a continuation of trend). Agree about fundamentals, there are plenty of stocks out there to choose from. Also, noticed a couple interesting charts being discussed in other threads: IREG - Another up day tomorrow (I mean Friday) looks like it would signal a buy, break-out from bear channel. Other thoughts on this one? CCI - Not as interesting, may be near completing H&S top... one to keep an eye on anyway. Mike

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