Classic TA Workplace Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Classic TA Workplace

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Galirayo who wrote (128950)	2/2/2006 7:49:49 PM
From: Shack	Read Replies (4) of 209892

That's a pretty good question with no easy answer. Since most wedges have throwovers they are almost all hounds for a spell, but realistically there should be a fairly quick reversal of the breakout/breakdown to avoid the hound. A great example of a what I mean was seen recently in SINA where a big bullish declining wedge off the 2005 high broke down hard on Jan 24th....for all of 5 minutes! If that had stayed below the wedge and consolidated down there then I would be prepared to call a hound after a few days. but it regained the wedge with a "Diggler" and is now poised to follow through with a move into the 30's. On the flipside, the $COMPQ popped up above the big multi-year wedge a few backs as I posted here: ttrader.com Since then it has been consolidating and remains in breakout mode. I am calling that a hound for now. So in a nutshell with regards to your question, rather than %, its a function of time, structure and gut feel.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next