Wedges, triangles, and stuff: Chart patterns for breakouts Message Board

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Strategies & Market Trends : Wedges, triangles, and stuff: Chart patterns for breakouts

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To: Woodchuck who wrote (197)	8/23/1997 5:14:00 AM
From: HeyRainier	of 257

I am taking Ault(AULT) out of candidacy for the ascending triangle due to recent developments. Forte Software(FRTE) is looking like a positive breakout on a wedge. Volume momentum is building, and the chart is now pointing up. To Woodchuck, you may not be using a long enough time frame to look for the ascending triangle pattern. Keep stretching until you find one. For one that fits the classic representation of an ascending triangle, please refer to Spectran(SPTR) from the Apri-May period of this year. The pattern will be much easier to spot there. Regards, Rainier

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