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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Petrol who wrote (10743)10/31/2002 12:40:47 PM
From: Challo Jeregy  Read Replies (1) | Respond to of 57110
 
thx Petrol - I got it -

the ol' wedgie, heh? -g-



To: Petrol who wrote (10743)10/31/2002 1:13:52 PM
From: bramble88  Read Replies (1) | Respond to of 57110
 
e-wave/wedge chart: The great thing about this chart is how nicely it depicts the broken-down up-trend line on the COMP.

I have never felt all that comfortable with calling something a wedge just because it is rising (or falling); I think 'an uptrend' would be more appropriate in this case -and the trendline support has definitely been broken.

Still- this is well on its way to becoming a rounding top, and if so, it will not collapse right away.


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