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


To: Galirayo who wrote (35385)11/11/2000 1:46:15 PM
From: Stcgg  Read Replies (2) | Respond to of 42787
 
Ray - Descending Triangles..

Looks like the Bull / Bear Resolution is determined by the number of touches on the Support / Resistance.

It appears these patterns are 'continuation patterns' that resolve in the direction of the main trend.. Do we look at the larger triangle indicating upside resolution or the smaller triangle indicating downside resolution.. If the smaller triangle must be resolved prior to the larger, the downside target on the Nasdaq could be (4300-3050=1250; 3050-1250=1800)..

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