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Strategies & Market Trends : Charting & Technical Analysis for Stock Indexes -- Ignore unavailable to you. Want to Upgrade?

To: chartwiznyc who wrote (120)	11/27/2001 1:45:43 PM
From: gypsees	Respond to of 211

Thanks Chris.. The chart is the daily on CORV. It's not a liquid stock but I've held it a long time. Trying to determine where to sell... based on the wedge I think it will probably go down again but then I saw the nearer term pennant - not a flag...

To: chartwiznyc who wrote (120)	11/27/2001 3:42:57 PM
From: gypsees	Read Replies (1) \| Respond to of 211

Chris... here's another question for you. I have been having this problem on a few charts. Using CORV daily as the same example, I started my upper trend line at the top of the tall dark candle on 9/26. By starting it there, I get what I think is the wedge formation. But if I had started it at the highs of 8/1 and 8/2 instead.... it would more closely resemble and ascending triangle...a big one though...so where should I start the trend line? Same thing on RFMD daily ( meaning there are a couple of different areas where one could draw trend lines). Is there a rule of thumb for this kind of situation? Thanks .. Robyn