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Strategies & Market Trends : Classic TA Workplace

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To: Moominoid who wrote (57809)	10/26/2002 2:49:44 AM
From: Shack	Read Replies (1) of 209892

There are non-Elliott wedges as well. They don't necessarily conform to the ED rules but where price is contracting and will break in the direction opposite the slope of the wedge, its classic TA. The theory is that when a wedge breaks in the anticipated direction, it will head back to where it began stockcharts.com BTW, upon perusing the charts, I find there are a lot of wiggle head and shoulders in the indices that formed this week (QQQ, SPX, DOW). The volume patterns look right for them to be valid.

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