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To: DOUG H who wrote (3278)8/12/2001 6:33:12 PM
From: Boplicity  Read Replies (3) | Respond to of 13815
 
A falling wedge, all the TI types have been in the waiting mode looking for a rally. Maybe we got an exhaustion drop Friday AM to get a short term rally going. I don't think so not enough vol. We will need a catalyst on the FA front, not just a TA reason, any amount of sustaining rally as it is.

chartpatterns.com

My two cents on falling wedges. Seen in downtrend they are bullish. Lowers tops and lower bottoms. Why are they bullish in a downtrend? You can see the selling disappearing from the chart, as the vol. decreases as the stock moves lower and lower. You can look at as if the wedge is reaching point in space where the sellers are just exhausted and gone, with strong holders left. I rather buy off a long base myself, that's nirvana as far as I'm concerned.

here is the naz chart.

stockcharts.com

B