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

To: KevinThompson who wrote (23965)	1/7/2003 11:14:53 PM
From: Susan G	Read Replies (1) \| Respond to of 26752

I forgot about that post until it made Bubblevision this week and Dave sent me the link <g> I was amazed at how well that pattern followed through. Candlesticks and chart patterns can be such awesome hints, And so many think TA is useless... I think it's amazing and am fascinated by it. So many daily charts have been SO predictable lately, most of the ones on my list are there just because it's so fun to watch. Triangle trendlines that amazingly reverse the moves right on the line, megaphones and bearflags that have hit their pre-drawn targets or breakouts that have stopped exactly at resistance lines, or breakdowns stopping right at support. The non stop bullflag continuation moves that were constant in November... I keep my trendlines and targets drawn on my charts and sometimes am amazed when I see where the actual reversals occurred lately. It's been a TA lovers dream as far as watching and trading off daily charts, so I guess it won't last <g> It's been almost too good to believe. Descending wedge breakouts - which that pattern was the confirmation of, are the most powerful and long lasting breakouts that we've had the past year. Most rallies that were more than 1 day wonders broke out of the bullish descending wedge pattern.