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Strategies & Market Trends : Chart Formations -- Ignore unavailable to you. Want to Upgrade?

To: sean sanders who wrote (927)10/11/2006 8:54:26 AM
From: Casaubon  Read Replies (1) | Respond to of 967
 
these look like breakdowns of descending triangles. As you say, descending wedges have bullish ramifications, which is absent from these charts. Furthermore, descending wedges occur over a greater number of candles, IMO. They depict selling getting washed out and overdone. These charts lack that washed out aspect. I would look for capitulation in those stocks or a longer term base for turnaround potential.


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