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Strategies & Market Trends : NetCurrents NTCS

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To: Teresa Lo who wrote (5509)	2/7/2001 7:16:42 AM
From: Teresa Lo	Read Replies (1) of 8925

NASDAQ Rising Wedge: Where's the Volume? The arguments seem to center around the fact that there is no classic volume confirmation whereby as the wedge reaches it's apex, volume contracts. However, we can take a look at the daily chart of the COMPX: ispeculator.com And of course, the QQQ, as a proxy: ispeculator.com Also, the neatness of the pattern, such as the requirements for the boundaries to be nice and neat, is not a big deal to me. For me, all the little pokes to the up and downside, along the edges of the patterns are calls "traps for breakout players". Teresa

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