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


To: besttrader who wrote (25137)5/26/2001 12:16:37 AM
From: Sharck  Respond to of 37746
 
"...Anybody see the nice wedge GLW is making on the daily..."

I think you guys sometimes take this chart stuff too seriously. You could take half the stocks I follow and superimpose the charts over the Qs. Then again, maybe I need another martini..
finance.yahoo.com



To: besttrader who wrote (25137)5/26/2001 2:54:40 AM
From: velociraptor_  Read Replies (1) | Respond to of 37746
 
I noticed the sideways wedge. More often a continuation pattern and is treated as a consolidation, but odds only slightly favor continuation. Still a nice pattern though, as it gives clear lines for a break. You'll at least know which way to trade it once it does.



To: besttrader who wrote (25137)5/26/2001 9:10:13 PM
From: lifeisgood  Read Replies (2) | Respond to of 37746
 
Your observations of wedgies on many stocks (e.g., GLW, AMD, JDSU) is right on track IMO and if they break to the downside, it could get ugly.

best...

LIG