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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (120233)6/11/2005 10:28:24 AM
From: skinowski  Read Replies (1) of 209892
 
Recently you mentioned that this current range can be a topping pattern, or - a running correction. it IS interesting how this will resolve. Here are a few examples of (similar) recent consolidations - notice that they occurred at about the same price level. All recent ones were continuation patterns. The couple of previous similar periods (not shown) - April and June 2004 - were reversals.

stockcharts.com[r,a]daclyyay[dd][pb50!b200][vc60][iub14!la12,26,9][J52593714,Y]&listNum=1

As MC (maybe) may say, just weekend musings.... -g
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