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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (127434)12/23/2005 7:55:02 PM
From: the-phoenix  Read Replies (3) of 209892
 
That clearly is an important chart at this juncture, so in the name of intellectual honesty it behooves us to draw that triangle correctly <G>.

As you have said many times, "that's not an Elliott triangle".

I think it probably should look more like this:

ttrader.com

And, fun with trendlines, I can make it look like we closed back inside the upper line today. As Skinowski essentially said, whether or not this has "hounded" at this point is in the eye of the beholder.

Sorry, Shack, but you've been an excellent teacher. ;-)
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