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

To: James Strauss who wrote (48399)	4/27/2000 12:43:00 PM
From: AllansAlias	Read Replies (1) \| Respond to of 99985

Which ever way it breaks is usually an indication of the start of a trend... I know what you are saying, but in classic parlance, "the triangle usually breaks toward the dominant/containing trend". As to what that is, well, there's where the art comes in. A break the opposite way is a signal of a reversal. One would have to say that short-term we are in a downtrend, i.e., it's the containing trend. --Allan