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To: HairBall who wrote (28108)10/1/1999 12:37:00 PM
From: Casaubon  Respond to of 99985
 
Fun,

that was part of my point that correlations are what gives TA predictive power. It is the fact that more often than not these patterns perform in a reproducible manner. Bearish wedge patterns are a manefestation of buying exhaustion.



To: HairBall who wrote (28108)10/1/1999 2:06:00 PM
From: Fun-da-Mental#1  Read Replies (1) | Respond to of 99985
 
OT - LG and Casaubon, I hate to show my ignorance <g> but I'm confused. Decisionpoint says an "ascending triangle" is a bullish formation, showing selling exhaustion: decisionpoint.com
They show a wedge with a flat top and rising bottom. Are you saying that if the top of the wedge is rising too then that becomes a bearish formation? That seems counter-intuitive to me. I hope you don't mind taking time to discuss this.

Thanks

Fun-da-Mental


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