Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 670.21

-1.1%

Nov 6 4:00 PM EST

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To: Lazarus who wrote (46629)	2/21/2013 10:53:44 PM
From: John Pitera	Read Replies (1) of 218515

Hi Lazarus.... the straight forward Edwards and Magee analysis is that the triangle means absolutely nothing...Has Zero predictive value.....when a triangle has not resolved in breakout 3/4 into its pattern....... it ceases to have any predictive value. The chart has other predictive attributes.....but from 30 years of looking at any charts ....... that pattern is not of consequence. John of you pointed a gun at my head..... and said up or down...... the next 25 cents would be down

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