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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Tommy Dorsey who wrote (22375)7/15/1999 9:43:00 PM
From: faqsnlojiks   Read Replies (1) | Respond to of 34827
 
Tom, I was wondering if you, or somebody much more knowledgeable than myself, could handle this question for me:

Message 10527887

Thanks,
-Joe



To: Tommy Dorsey who wrote (22375)7/17/1999 2:29:00 AM
From: dave b  Read Replies (1) | Respond to of 34827
 
Tom, a question on the bullish triangle formation.

I have seen how effective they are when a chart has a positive trend, but are they theoretically as effective when the stock is below the bearish resistance line? A case I just looked at was GAC-t (trades on Toronto). A 27 box fall followed by higher bottoms and a bullish triangle formation. How much more risk does a bullish triangle and a negative trend carry?


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