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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (35255)	11/9/2000 6:56:08 PM
From: Galirayo	Respond to of 42787

Don ... >>My understanding is that descending triangles are normally resolved to the downside. << Yes .. they are normally Bearish ... except in the End of a down trend which is where they are normally found. They become very bullish if they are broken to the UpSide. Strong horizontal support or 'Other' strong support is part of the equation. You were looking at Good Support on the 3000 of the $NDX today. Good Support. Upward resolution would not suprise me. Barring some Shoe Dropping News. I'll check to see if I still have some URLs for this. Ray

To: donald sew who wrote (35255)	11/10/2000 12:16:23 AM
From: Dan Duchardt	Read Replies (4) \| Respond to of 42787

don, Before starting to read some posts here, I had drawn a downtrend line across 4 recent lows on NDX beginning October 13, and a downtrend line across 4 highs going back to October 20, or 8 highs if you go back to September 20. I can't put a trendline on the charts I can link, but I think the eye will do it on this one. stockcharts.com[W,A]DACLYNMY[DC][P][I] I don't see it on COMPX or SOX, but on NDX I was starting to think descending wedge, perhaps because I don't know the difference between a wedge and a triangle. I assumed a descending triangle had a horizontal base, but how far off does it have to go to be a wedge? Am I way off base here, or is it borderline, or what? What really is the difference between triangles and wedges? TIA Dan