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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (126279)	11/21/2005 7:13:45 PM
From: skinowski	Read Replies (1) of 209892

Dunno, my friend... I must be old fashioned in some ways... To me triangles are either symmetric, or ascending, or descending... I'll even buy an occasional claim for a "widening" variety, the existence of which is considered to be arguable by many. But the wedge-like way of triangulating is, I still think, a bit of an innovation.... ;) Just to show that I'm not totally stale and didactic, let me offer a speculation that if - perhaps - if there IS a wedge-like triangle, that might explain some of the "hounds". I can see that - sometimes - a wedge may "hound" because it is (in reality) a series of 1's and 2's... and it could also be that a (hypothetical) stretched out "wedge-like triangle" may be followed by a strong 5th (or "C").... explaining the "hound". Thinking back about many, many charts, I sort of like this speculation. Freep, (or anyone) what do you think? I recall we discussed things once along these lines.

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