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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Chris who wrote (25045)11/28/2001 9:09:36 PM
From: Paul Shread  Read Replies (1) of 52237
 
Chris,

E&M are slightly contradictory on that - they say two things: 1) that the target is 100% of the ground gained within the wedge; and 2) that a rising wedge in a bear market means that the primary trend is still down.

Well if the primary trend is still down, that implies lower lows, doesn't it? Every wedge has so far worked out that way, except for the 8-month wedge in MSFT that led to an 80% retrace.

A measured bear move has seemed to work best with every other wedge in the bear market. The problem is, where do you measure the previous peak from on these to get the downside target?

Probably more than you'd like to know...
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