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Strategies & Market Trends : MP - Market Pulse

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To: theniteowl who wrote (145)	6/25/2001 9:45:13 PM
From: HairBall	Read Replies (2) of 1328

theniteowl: Your lower trend line is correct and most often I go with your second point at the low on 6/15. However, I chose to treat the 6/15 drop as violation for now. (Drawing on a little experience.) By the way, as I mentioned in my post I also prefer for wedges to originate at pivot points. The dotted red line plotting your rising wedge on your chart is askew of this preference as well. However, the influence could well be signaling that the price action is going to spend additional time in the larger falling wedge, before it breaks to the norm. Thanks for your contribution... Regards, LG

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