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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?


To: Susan G who wrote (17285)5/13/2002 9:20:57 PM
From: Susan G  Read Replies (1) | Respond to of 26752
 
Excellent detailed description of bearish descending triangles in saavy's updated chart this evening...it's the third chart down. This pattern is EVERYWHERE Lately.

saavycharts.com

Easy to see the huge resistance the nas is up against on any move higher in his charts also.

"sometimes there will be a return to this new found resistance before the down move begins in earnest" is a quote on the chart. Proved true at the April descending triangle, that's for sure. You can see that on the 2nd chart.