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 (14)	5/23/1997 5:35:00 PM
From: Mike Kehler	of 257

Wow, MTZ really soared today... I honestly was a bit skeptical that it would launch. Btw, it struck me earlier that this is a symmetrical triangle, not a "wedge" (this is just a matter of terminology of course, as your call was right on the money - big time). Or are we looking at two different places on the chart (or is my memory failing me... don't have the book to consult)? Again, sure was a great find! Will be looking at this more later to try and understand what made it so strong. Any thoughts on IREG? Looks like a break-out on the 5 year chart, except that volume does not confirm, which I find quite suspect. Again, would appreciate other opinions on this one. Mike

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