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Strategies & Market Trends : Classic TA Workplace
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To: Henry J Costanzo who wrote (110820)12/30/2004 11:25:41 AM
From: jjstingray  Read Replies (3) of 209892
 
MC, what does that mean?

I would note that usually after some sort of throwover, if the index falls back below the wedge breakout, usually we do not see a break back above the wedge to test the highs.

With the Comp sitting right on the top of the wedge, things could still go either way. Maybe this turns into a channel.

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