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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?


To: Rick Escher who wrote (38495)12/5/1999 12:32:00 PM
From: stan s.  Read Replies (2) | Respond to of 108040
 
DIGL, hi Rick, thanks for posting. A couple of quick points. I went to view your chart and immediately noticed something that's been nagging at me since I first posted. Technically I consider that a symmetrical triangle rather than an ascending triangle....the results should be similar but I misidentified it in my initial post.

Here's a brief explanation of the symmetrical triangle.
chartpatterns.com

I would like to see even more volume here....the pattern is however, now in place...it doesn't have to soar immediately but a hold around straight line resistance is what you'd like to see, 36 1/2 or so.

In order to assure that hold on a retracement it does need to take advantage of this opportunity and surge a little higher. I'm not in it at the moment but will be watching for possible entry based on it's actions the next couple of days.

BTW here's a chart showing the pattern from my standpoint. I hope this comes in...sometimes it's very slow on a Sunday.
geocities.com

Thanks again for the chart.

Regards.

Stan