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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (1686)	5/22/2000 3:44:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Here is a Nifty little Dow Chart showing a pretty rare diamond formation geocities.com Diamond tend to be high volume patterns, with lots of back and forth energy. They often reside at major tops but they can also be consolidation patterns. Page 183 of one of the more recent editions of Edwards and MaGee shows a diamond that was a sideways consolidation and lead to a new high. The Key point I can make is that they are not universally and only found at Major tops. John