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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 685.69+0.2%Dec 5 4:00 PM EST

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To: HairBall who wrote (5056)1/30/1999 9:25:00 PM
From: sean sanders  Read Replies (1) of 99985
 
LG,

I seem to be missing those wedges of late. I've been looking for triangles for so long that I start to hallucinate the wedges into triangles.

As you pointed out the formation from 5/27 - 7/15 would be a rising wedge or a rising (bearish) pennant; now if the formation were more 'square' I assume we would be calling this a bearish flag then.

- I won't even get into the dbl top that may be forming 12/18/98 - 1/28/99 <g>

Sean
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