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

To: skinowski who wrote (126305)	11/21/2005 7:35:24 PM
From: Shack	Read Replies (1) \| Respond to of 209892

Then call the triangle a series of 1's and 2's off the summer 2004 low, it doesn't really matter to me but the running triangle concept is as good as any if one is looking for a bull count IMO, and this really is a matter of opinion. I know I keep coming back to the AA chart but there an interesting parallel with that SPX running triangle. You can measure both off the 2004 high (as per Brian's SPX count) but the AA correction was a far more traditional triangle/wedge. Again this is academic for me because I am playing far shorter-term set-ups on the long side. BTW, if you want an ugly chart, check out FORD (Forward Industries)