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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: waverider who wrote (68406)	2/2/2001 11:09:58 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

Diamond H: I am taking about when a chart pattern such as a rising wedge portends that the price action will break down and retrace the pattern. When the price action does as expected, that would be a break to the norm. Trading patterns can be a successful strategy as long as you stick to the basics and trade the patterns that have high probability ratios. Leave the fancy formations with low probabilities to others. Regards, LG