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Strategies & Market Trends : Classic TA Workplace
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To: Doo who wrote (35372)3/28/2002 10:42:11 AM
From: John Madarasz  Read Replies (2) of 209892
 
yes, ....also,

i just asked securitytrader about that desc tri,

notice that my first meas. was to 1475 area, his meas was only to the top of the tri at 1460-2

my question... if the NDX 15 min is in a bearish desc tri formation, in a downtrend, and it fails, how come you can still measure it...is it still a valid formation after failure?

reply...I am only measuring it back to its reversal #1 highs....as those patterns often move up to those levels or a bit higher and give a FLAG pattern.......make sense ?
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