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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: incomep who wrote (5322)	10/27/1999 4:14:00 PM
From: Dr. Stoxx	Read Replies (2) \| Respond to of 39683

incomep, You are right about the rising wedge, but it is only bearish when there is a breakout to the downside. Since it broke the pattern to the upside, this only confirms the strength of the present rally. As for distribution, I've never seen much correlation between it and price action...nor is it an easy figure to assess. You might try a BBand analysis. Every time price pokes its head above the 20-period level, there has been a selloff. Right now, price is showing the "hanging curtains" pattern, which is strongly bullish. What would end the rally is a very sharp upturn out of the top Band. See: timely.com Good luck, TC.