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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (1037)	12/9/1998 11:42:00 AM
From: Debra Orlow	Read Replies (1) \| Respond to of 99985

always defer to the one that is most probable and or the one that is the greater formation. LG, I totally agree. I am particularly interested in asc triangle formations, as they tend to be rather strong if broken out of. I just didn't know what the "bottom" was that David was referring to. BTW, the SOX 5-minute never did set up totally, and now has broken the divergence for the time being. Debra

To: HairBall who wrote (1037)	12/9/1998 12:37:00 PM
From: bearshark	Respond to of 99985

LG: A good example of the pattern within a pattern can be seen in most major charts from the end of 1997 to the early part of 1998. There were symmetrical and ascending triangles in several of the charts. However, in several cases there were dominant reverse H&S patterns holding these smaller patterns. If I remember right, they all pointed to about the 9300 level for the INDU. I used these patterns and my own trend and volume analysis to go long at the end of January 1998.