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To: Shack who wrote (19878)11/7/2001 1:05:41 PM
From: Jack of All Trades  Respond to of 209892
 
Usually you would see a push over and look for support as its doing now, if it trades along the tine, the greater the chance for failure. The midtines (thin lines) are not as powerful as upper/middle/lower tines. I am long from 1108.25 and have a SAR setup for the upper tine...



To: Shack who wrote (19878)11/7/2001 1:08:15 PM
From: AllansAlias  Read Replies (3) | Respond to of 209892
 
An important question: Is volume declining in this putative wedge. (Don't want to get hosed by a meltup.)



To: Shack who wrote (19878)11/7/2001 1:14:13 PM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
From the chart-chaser pov, everything looks like it's breaking out as we test the top of our putative wedge.