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Strategies & Market Trends : Bottom (and Top) Pickers, Unite! -- Ignore unavailable to you. Want to Upgrade?


To: CatLady who wrote (196)1/30/2001 2:03:54 PM
From: Teresa Lo  Respond to of 214
 
"NQ Rising wedge - can it now be redrawn like this?"

Sorry for the late reply.

Yes, it can be drawn like that. The important thing is to be not too rigid about anything. Basically, all these lines do is help us formulate some IF => THEN scenarios so that we can trade.

If volume continues to contract, and ADX continues to drop, then I would say that this pattern is still intact.

Teresa