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Strategies & Market Trends : Classic TA Workplace

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To: Patrick Slevin who wrote (136881)	9/28/2006 12:32:36 PM
From: Galirayo	Read Replies (2) of 209892

I only Pif for targets ... to make sure the Piffers see the same thing I see. Now if Mr. Market would quit painting that black grease paint on my telescope eyepiece .. I'd feel better. I thought that decreasing volume was expected in a pennant and Head and Shoulder Consolidations. B. Pennants Definition: Pennants are small compact, sloping triangles, slanting down in an uptrend and up in a downtrend, and forming after a rapid advance or decline, and characterized by diminishing volume. May also be described as a short, compact wedge characterized by notably diminished volume. Only important difference in pennant and flag: Pennants have converging boundary lines rather than parallel. Head and Shoulders Consolidations (Chapter 11) ttrader.com Also, volume drops off instead of increasing on left shoulder, head and right shoulder. Breakouts from the pattern, however, are similar to those of reversal patterns. stockcharts.com I guess it could just be called a V Bottom.

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