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To: Galirayo who wrote (6587)	3/4/1998 10:58:00 PM
From: HeyRainier	Read Replies (2) \| Respond to of 9262

[ Descending Triangles ] "Wait. Are we communicating?" Perhaps we're not on the same page. Descending Triangles exhibit the mirror image characteristics of the Ascending Triangle. To quote from Technical Analysis of Stock Trends by Edwards and Magee about the characteristics of the Descending Triangle: "...Their implications are equally strong [as their A.T. counterpart] and their failures equally rare...the mere breaking of the critical line, which many traders have seen function as a support under the market for a more or less extended period, often shakes the confidence of holders who had not previously considered selling. Their offerings now come on the market and accelerate the decline..." Nothing is mentioned of the expectation that it should ever be the last downward leg before the next upward movement. Now are we on the same page? Rainier