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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Sweet Ol who wrote (11572)	1/8/2002 11:43:42 PM
From: que seria	Respond to of 23153

Upside resolution is common for descending wedges, but I struggle to see the theoretical case for the same being true of descending triangles. Yet I admit my field experience is limited, since my job doesn't leave much time to study the market as it unfolds. Thanks for your input. I may have to leave a stop in place tomorrow. I tried to bet today on BRCM's price action breaking through resistance ~50, but couldn't get options at my price. Did pick up BRCD calls.

To: Sweet Ol who wrote (11572)	1/9/2002 10:33:51 AM
From: MetalTrader	Respond to of 23153

classically ascending and descending triangles are continuation patterns and would more often break in the direction of the trend. HOWEVER.... lately in this market patterns are evolving into broad patterns with traders buying breakdowns and selling breakouts making a difficult pattern to trade. I believe this reflects the shear liquidity power at the moment. Broad patterns are indications of greater gyrations that more often than not break down. We are at a point where the larger downward trend is still intact but trying to flatten if not turn. At the moment I am trading very carefully, buying at support only when stochastics start to turn up and selling at resistance when stochastics are high. Means missing some upside, but I'll live with that. There is an interesting piece out today about volatility stating that some major tech companies are seeing average holding periods for the ENTIRE float of about one month. It's currently a traders world in tech, so one has to really be certain whether you are a boy or a girl. In other words, if looking for value be discriminating and patient. If trading be aggressive and flamboyant. mt