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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: besttrader who wrote (15145)	4/6/2001 10:02:36 AM
From: velociraptor_	Read Replies (1) \| Respond to of 37746

Yes, I see that. Ascending triangles are bullish, but they don't always break out as expected. They are more likely to break out in the up direction at the top of a trend...this one is a consolidation at the lows of a major trend and thus has a higher degree of failure. You may have noticed that before the DOW broke 10,850, it was in a huge ascending triangle pattern spanning months with flatline resistance at 11,000. The pattern failed even here at the top.