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

To: HairBall who wrote (28899)	10/9/1999 8:29:00 PM
From: Challo Jeregy	Read Replies (2) \| Respond to of 99985

Larry, I am a novice when it comes to TA and chart patterns but I have a question regarding the rising wedge that you are talking about on the COMPX. I think the rising wedge you speak of is formed by the 9-27 and 10-8 tops and the 10-1 and 10-8 intra-day lows (please correct me if I'm wrong). However, isn't there also an ascending triangle formed by connecting the highs from 7-9, congestion area of 9-10 thru 9-20, and 10-8 and the lows of 8-10 and 10-1? Now, stochastically speaking <g>, we are overbought and could be headed for a triple top! But I just thought I'd throw that ascd. triangle in there for discussion.