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Strategies & Market Trends : Classic TA Workplace
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To: Shack who wrote (139899)1/3/2007 10:52:15 PM
From: Henry J Costanzo  Read Replies (1) of 209892
 
SOX/SMH/GSM wedge. I have been looking at that wedge on a strictly TA basis, and given the lows made today that wedge still only a potential. Need to establish a clear bottom first...and that may still lie ahead... and then break out above the upper DT line. I think it still has the benefit of the doubt, though, since the wedge is forming along support from flattening and/or rising MAs.

Not of any importance, but a little puzzled by your counts here...Not dealing with any 5th wave up, of course, and as near as I can tell, no 5th wave down either..??
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