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Strategies & Market Trends : Charts for Quick CASH $$$

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To: Galirayo who wrote (5228)	12/3/1997 1:51:00 AM
From: HeyRainier	Read Replies (1) of 9262

[ Ascending Triangles ] Hi Ray, I see what you mean with PLT...I would classify this more as a Wegde than a triangle. The price action makes it kind of hard to draw proper trendlines. It is worth watching though because there's some strength that it looks like it's experiencing. As for GTNR, it appears to be forming one nicely--a setup for what looks like could be a flag breakout. The lower volume near the apex of the triangle isn't too unusual though, so it appears to be all right still. But I've got a couple for you: Take a look at SUNW, but the real favorite is VSVR. It's sitting nicely above all those trendlines and the TA is looking good as well...add to that the well-formed Ascending Triangle, and all of a sudden we've got a nice candidate. Regards, Rainier

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