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To: PaulM who wrote (56443)7/19/2000 8:48:34 PM
From: Hawkmoon  Read Replies (1) | Respond to of 116822
 
Now Paul, I'm not claiming I'm the greatest Chartist out there, but from looking at that 2 year NYSE chart, I could swear we were looking at an "ascending triangle" indicative of a BULL market, not a Bear market.

bigcharts.com

chartpattern.com

Don't all upside triple top breakouts begin from a point where they look like a triple top decline??

But that an ascending triangle on the NYSE, not an rising wedge in an uptrend, which would be bearish.

In fact, the NYSE chart strikes me as a picture perfect example of an ascending triangle.