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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Fun-da-Mental#1 who wrote (28134)	10/1/1999 2:32:00 PM
From: HairBall	Read Replies (2) \| Respond to of 99985

Fun: Your right, I did glance at your post and not read it thoroughly, sorry. I don't necessarily agree with all the standards regarding ascending or descending triangles. Some of the "big books" describe them as reversal patterns, so I have been told. I find this wrong most of the time. I judge ascending and descending triangles by the trend that started them. They tend to follow the trend more often than not, which does not make them good reversal bets. The best way I know to tell you what a wedge looks like is to offer you a picture, you know worth a thousand words...<g> Take a look at those mock up on the link I sent you and then click on the examples link down on the page. Hope this helps... Regards, LG