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 (60)	6/3/1997 3:44:00 AM
From: Mike Kehler	of 257

LGTO - another one to watch. Looks like it's floundering just beyond the neckline of a pretty clear H&S reversal (bottom of course). The break of the neckline was very weak, may well be a failed reversal in progress (and might then be a decent short candidate). Also, almost missed the wedge on the daily chart, also entering a critical stage (i.e. price is sitting on lower trend line). Am very tempted to straddle this one on the open tomorrow, but it's probably wiser to let the chart tell us which way it will/should go. Anyone have any thoughts on this one? Mike

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