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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Joseph Silent who wrote (25066)11/28/2001 11:18:15 PM
From: Susan G  Respond to of 52237
 
From what I've seen, when a wedge fails to break, they tend to go sideways for a few days and then break to the upside. You see this when a wedge is about to crack short term, and the futures ramp at that moment.

So if this thing is not going to break, we should know soon, if it breaks upward and over resistance...

But then again, the April wedge went sideways for quite a while before it cracked.



To: Joseph Silent who wrote (25066)11/28/2001 11:30:20 PM
From: Susan G  Respond to of 52237
 
Just found a great example of a rising wedge that went sideways for a while before it went klunk. - GE.

Without the negative comments out today, it might have run to the 200 MA if we kept rallying...
So it's probably going to the base of the wedge around 36 soon, since it's a much smaller wedge than the one on the Nasdaq.

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