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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 9:21:31 PM
From: Paul Shread  Read Replies (2) of 52237
 
From E&M: "Prices almost always fluctuate within the wedge's confines for at least two-thirds of the distance from the base to the apex; in many cases, they rise clear to the apex, and in some, they actually go a short distance beyond, pushing on out of the top in a last-gasp rally before collapsing. Once prices break out of the wedge downside, they usually waste little time before declining in earnest. The ensuing drop ordinarily retraces all of the ground gained within the wedge itself, and sometimes more."
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