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 : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (19944)	6/7/1998 9:38:00 AM
From: set	Read Replies (2) \| Respond to of 94695

bill - here's an example of how the triangle game is played: shahar.nets.com:2000/axp.pub.jpg I think I've done it right, but if I'm sure someone will get vocal about it if not. the blue line is the upper trend line. the triangle is in yellow. what I've done here is show the trading I expect to take place in a bullish outcome. that's in red. If I see AXP touch it's upper trend line at just shy of 106, then hold the cradle at around 104, I will conclude that we are starting another bull leg. the mirror image can be drawn to the downside, in which case 104 will be resistance. you'll note that this consolidation has produced a rounded bottom on AXP, which flies in the face of all the rounded tops we're seeing. this would seem to make a dramatic statement about interest rates. we'll see. BTW - if you look back at DELLs long consolidation at the end of last year, you can see a perfect conclusion to a perfect triangle right along these lines, including a final spike right into the cradle before taking off.