Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: sitkapacific who wrote (126293)	11/21/2005 4:28:34 PM
From: Shack	Read Replies (1) \| Respond to of 209892

Hi Sitka, welcome aboard. I take it by your name that you may very well hail from the great state of Alaska, and a real nice part of it too. Yes, the best explanation if we do indeed launch out of this 2 year SPX mess is a running triangle. From a strict TA standpoint, a bearish rising wedge which breaks counter to the anticipated direction is a very bullish development and I think the bears had their chance to run with the bearish diagonal idea already, although mc thinks the diagonal may morph into a larger one and continue to grind higher, an idea that I think is possible, but I'm not favouring. For now all I see are longs in most of the charts I am looking at so I'll worry about the macro count another time. You've popped in as the Ending Diagonal vs. Running Correction debate is really heating up so you should be well-entertained, and please feel free to post regularly. Cheers..