Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: TWICK who wrote (80655)	7/21/2001 4:53:56 PM
From: HairBall	Read Replies (2) \| Respond to of 99985

TWICK: I assume since you posted this to me you will not mind me commenting. I illustrated the same formation on charts I posted earlier this week, only with the controlling points precisely anchored at highs and low. However, IMO pennants are symmetrical triangles originating from a sharp move up or down. However, if the formations requires more than an intraday to short-term time interval to form, I refer to them as symmetrical triangle regardless of the sharp move preceding the origination point. While both formations portend a continuation of the trend. A pennant is more reliable than a symmetrical triangle per my experience. The pennant being a shorter-term formation is more likely to see the trend continue where the symmetrical triangle can behave much like a wedge when near a trend change and produce only a partial retrace. All IMO of course, all things to keep an eye on...<g> Regards, LG