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Technology Stocks : Dell Technologies Inc.

DELL 116.89

-0.5%

10:38 AM EST

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To: JPR who wrote (65588)	9/15/1998 2:31:00 PM
From: Scott Kleinhans	Read Replies (1) of 176387

OK, CHART EXAMPLES OF SYMMETRICAL TRIANGLE PATTERNS Bearish: Symmetrical triangle in a downtrend. This pattern continued the move lower in earnest! Notice the volume diminish during the period of indecision and then jump on its resolve! Bullish: Notice the leveling of the volume during the formation of the triangle and the burst of activity on the breakout chartpatterns.com More.. Symmetrical triangles can be characterized as areas of indecision. A market pauses and future direction is questioned. Typically, the forces of supply and demand at that moment are considered nearly equal. Attempts to push higher are quickly met by selling, while dips are seen as bargains. Each new lower top and higher bottom becomes more shallow than the last, taking on the shape of a sideways triangle. (It's interesting to note that there is a tendency for volume to diminish during this period.) Eventually, this indecision is met with resolve and usually explodes out of this formation (often on heavy volume.) Research has shown that symmetrical triangles overwhelmingly resolve themselves in the direction of the trend. With this in mind, symmetrical triangles in my opinion, are great patterns to use and should be traded as continuation patterns. prstrading.com Always trying to learn. Go DELL!! Scott

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