Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: Don Pueblo who wrote (6997)	11/10/2000 8:07:11 PM
From: Lost to Voodoo	Read Replies (2) \| Respond to of 10876

Your link lists descending triangle the way I've always known it, as a bearish pattern - flat bottom with descending upper trendline. I don't see how that's any different from what you describe, unless you're thinking of a descending wedge where both upper and lower trendlines go down, left to right. Once descending triangles break they only have a 4% failure rate, meaning 96% of the time they are bearish (once confirmed by the break). That's what it looks like to me. The measure rule for descending triangles is the highest point minus the base, then that difference subtracted from the base: 5K-3K=2K, 3K-2K=1K.

To: Don Pueblo who wrote (6997)	11/10/2000 8:08:05 PM
From: Alidotr	Respond to of 10876

I think that today's close will cause a fair amount of fear in the retail investing community. Unless there is a serious ramp up in the futures before the market opens, I think that a weak open is pretty certain. Call in the PPT.