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Strategies & Market Trends : The Options Box

QQQ 603.66

-0.9%

Nov 17 4:00 PM EST

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To: Don Pueblo who wrote (6997)	11/10/2000 8:07:11 PM
From: Lost to Voodoo	Read Replies (2) of 10876

Your link lists descending triangle the way I've always known it, as a bearish pattern - flat bottom with descending upper trendline. I don't see how that's any different from what you describe, unless you're thinking of a descending wedge where both upper and lower trendlines go down, left to right. Once descending triangles break they only have a 4% failure rate, meaning 96% of the time they are bearish (once confirmed by the break). That's what it looks like to me. The measure rule for descending triangles is the highest point minus the base, then that difference subtracted from the base: 5K-3K=2K, 3K-2K=1K.

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