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To: Paul Shread who wrote (32133)10/5/2000 6:23:12 PM
From: dennis michael patterson  Read Replies (2) | Respond to of 42787
 
Anybody warn tonight? Not yet. Hmm. Rally tomorrow?



To: Paul Shread who wrote (32133)10/5/2000 6:25:57 PM
From: donald sew  Respond to of 42787
 
Paul,

>>>> UTX looks like it could be an ascending triangle - all three peaks are within 1/4-point, just under 73. All-time high is 76. <<<<

Agree. On both the daily and better on the 60-min chart, it is appearing to be an ASENDING TRIANGLE. However that pattern is still within the BEARISH WEDGE where the upper trendline for tomorrow is around 75 and could be redrawn to higher levels. Regarless, it looks like a WEDGE. The one problem I have with this wedge is the SLOPE which is quite steep, implying further bullishness.

seeya