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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (61614)	12/14/2002 12:03:51 AM
From: AllansAlias	Read Replies (2) of 209892

I do not think that is a wedge: marketswing.com We spoke of this a week or more ago -- counting the high of a previous move as part of a subsequent triangle -- that discussion was about gold I recall. Anyway, that high where you start your wedge is not valid imo. A rising wedge has to be born out of a reactionary low, not the high of a previous leg. I don't know how it will work out, and I can see the ugliness, but I think the bears are too excited here. There is a middle road somewhere. A road that will take the most money out of both sides. Down hard will not do that. I always get worried when I read the phrase "crash wave" too often. Retailers like look shite. Wish I could figure out the oil charts -- I'm sure they're important here.

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