MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 677.48

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Nov 5 4:00 PM EST

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To: HairBall who started this subject	11/28/2000 3:54:32 PM
From: HairBall	Read Replies (2) of 99985

Caution: During a strong bull market, rising wedges on occasion will be negated with a strong move to the upside. Similarly in a extended downturn falling wedges can be negated with a strong move to the downside. A lot of folks out there are talking chart patterns now days. Many with a lot less experience at trading them than their SI posting bravado suggest. I think it is more than just a slim possibility that the falling wedges on the NAZ Indices being discussed on SI a lot as of late, could fail. Be careful out there... Regards, LG

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