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

To: DJB who wrote (23339)	11/22/1998 11:46:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79273

Dennis, Any pattern is taken to be a signal of either continuation or reversal. In general, a pattern holds a higher probability of continuation but the outcome is usually not certain until after the fact. Pattern formation normally represents overhead being dealt with. If a chart moving up goes into a pattern that breaks to the downside, overhead was being created. If it breaks to the upside, overhead was being absorbed. There are times of course when a surprise funnymental thing occurs and blows everything out of the water. Slightly tangential to this discussion I noticed that by removing all but the last 2 days of AKLM's triangle a fin is seen in relation to the first day of the triangle. No other two consecutive days during the triangle did this. Interesting. on my way to the lab, Doug R