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To: Hawkmoon who wrote (56563)7/20/2000 8:30:12 PM
From: PaulM  Read Replies (1) | Respond to of 116825
 
I changed my mind. That's an ascending wedge the NYSE is tracing, not an ascending triangle. The horizontal top, which would be the top of your "ascending triangle," does not show a series of higer lows going back to Jul 98. We only see those ascending lows in recent months along with peaks which, while ascending, are not ascending as quickly as the lows.

I'm short term bearish on both the NYSE and NASDAQ.

See old.sharenet.co.za


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