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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (113734)	2/17/2005 11:34:14 AM
From: skinowski	Read Replies (1) of 209892

OT - not a read, just an observation... probably useless for many. Speculative stuff. Your read is good, but there may be another possibility. I noticed over the years that Triangles and ED's are, by and large, related. An ED is sort of an "energetic", "stretched out" triangle. And vice versa, a weak, "flattened" ED, basically, looks like a triangle. You can see - as an example - quite often pairs of stocks in the same sector, where the stronger one tops as an ED, while the weaker one traces out a triangle. Final breakout out of a triangle - and the overshoot of an ED - are different incarnations of the same last ditch momentum.

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