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Strategies & Market Trends : Chart Formations
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To: sean sanders who wrote (124)11/9/1998 11:31:00 AM
From: belker  Read Replies (2) of 967
 
Sean,

I was as much asking your opinion on the formation in NVLS as pointing it out to you. I was giving some consideration to the high intra-day price of 10/23 and seeing a triangle; however, it certainly looks like a wedge without that price. Perhaps I should ignore intra-day extremes and focus on closing prices?

John Murphy says a rising wedge in an up trend is bearish. As a continuation pattern it should be a falling wedge in an uptrend.

Bob
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