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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Ken W who wrote (9089)	12/10/1997 12:27:00 AM
From: Dave H	Read Replies (1) \| Respond to of 79697

Remember to closely examine volume -- it's got to dry up! according to Pring in his book, triangles are pretty common and can be quite unreliable...the problem with them is that you really need other indicators to know which direction the move will be -- you can't know just from the triangle formation itself (unless it's a right triangle, according to Pring). Trendlines ARE everywhere and I felt the same way as you did once I started noticing them! They are awesome, and that's an understatement! Once you actually start drawing them you will just keep on liking them more and more. How did you like Pistolese's book? -dave