To: John T. who wrote (25346 ) 7/12/2000 12:22:48 PM From: Robert Graham Read Replies (1) | Respond to Low volume during lunch session provides games by the floor like head fakes. I have also noticed the broad price contraction that has made up this triangle. Here is what I have noticed about triangles. First, they are prone to head fakes and false breakouts from the trendline. Second, when they do resolve, they are prone to price reversals where price ends up going the other way and following through. Even when price does not reverse, there is usually an attempt to do so which often yields a good pullback to some support before continuation. But I find the price reversals substantially outnumber the pullback before continuation moves.
