Set the Controls For The Heart of the SUN Message Board

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Strategies & Market Trends : Set the Controls For The Heart of the SUN

IQ 1.910

+0.5%

Dec 26 9:30 AM EST

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To: Sergio H who wrote (416)	6/15/1997 8:51:00 PM
From: Doug R	of 1156

Sergio, An ascending triangle occurs when a series of highs is at the same or roughly the same price while the lows are moving up. It is flat across the top as the bottom moves progressively higher. It is a sign of accumulation. Another similar pattern is a widening formation where the highs are again the same (flat across the top) while the lows extend lower. The ascending triangle can take place over a relatively long period or just several days. A widening formation is relatively short term. Right now a pretty good ascending triangle can be seen in the daily chart of BOOM for the last 13 days. If PNCL can get a couple days of 1 9/16 ask soon that would be a widening form. over the last 13 days. Presently it is a symmetrical triangle that started on 5/13. The highs are generally declining while the lows are generally rising. BDLS is (hopefully) at the bottom of a rounded bottom. We're not on that page yet. Doug R

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