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: Mike Kehler who wrote (53)	6/2/1997 11:43:00 PM
From: HeyRainier	of 257

Mike, Doug: thanks for your opinions on CHML. To Mike, I see where you're coming from with regard to the break from the upward channel. One concern I have is the length the wedge has developed to without a definite breakout. The best time would have been mid-April, were it not for the broad market decline. Volume has weakened, but the spread has closed more favorably for those who are long(despite the lower close today). Since it sits above the 50-day average, I'm content to wait a little more. This will be interesting if/once it breaks through 24. Thanks again, Rainier

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