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Strategies & Market Trends : MP - Market Pulse -- Ignore unavailable to you. Want to Upgrade?

To: Louis V. Lambrecht who wrote (629)	7/13/2001 3:51:30 PM
From: HairBall	Read Replies (1) \| Respond to of 1328

Louis: Sorry, I made the mistake of not ready completely your post. I just pulled up my own chart and assumed you were talking about the same formation. Actually, I prefer to start a rising wedge from the trend. So, that's why I do not have your formation on my chart. However there is a intraday rising wedge formation not seen on the chart I posted originating from the 7/11 low. It is a rising wedge when viewed in the 65 and 130 minute time intervals. When viewed in shorter intervals in QCharts it looks more like a rising channel. One that steep is a clear signal a pullback will likely result from the test of resistance in play today. Regards, LG