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Strategies & Market Trends : Wedges, triangles, and stuff: Chart patterns for breakouts
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To: Skip who wrote (210)9/8/1997 2:18:00 PM
From: HeyRainier   of 257
 
Skip, I am not comfortable with this, but it does seem that CCRO has
formed a very tight wedge from 8 to 12. However, I am somewhat
hesitant to make a play from patterns like this that don't tightly
conform to the standard formation like the following:

* *
* * * * *
* * **
*

One that was a perfect wedge was CTXS, and it broke to the upside on
Friday. It pulled back somewhat today, but it should be interesting to
see where this goes.

Good luck,

Rainier
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