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Strategies & Market Trends : Raptor's Den II -- Ignore unavailable to you. Want to Upgrade?

To: Andrew who wrote (1413)	11/14/2003 3:00:50 PM
From: Kirk ©	Read Replies (1) \| Respond to of 3432

"Rising wedges are not a bullish pattern. It is a bearish pattern." Agree. I guessed I missed the part where someone said they saw a rising wedge. If I look at this SPX chart stockcharts.com I see a flat line at 1060 which looks more like a ascending triangle resistance level. scroll down on that chart and you see the PnF has just given a buy signal for an ascending triple top breakout. I guess we will know for sure after it breaks one way or the other. I'm not holding myself out as a TA expert by any stretch... just the statement I responded to didn't qualify what pattern he was talking about and that is why I said "it depends." It depends on if it is a rising wedge or an ascending triangle.