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To: oexplayer who wrote (22297)1/3/1999 9:36:00 PM
From: James Strauss  Read Replies (1) | Respond to of 50167
 
Kevin:

Ascending triangle breakouts are very bullish... The Russell 2000 is headed higher...

decisionpoint.com

I agree that if it retests 400 successfully it should move to the 460 area soon... After that, a retest of the 490 area...

Jim



To: oexplayer who wrote (22297)1/6/1999 6:46:00 PM
From: SpongeBrain  Read Replies (1) | Respond to of 50167
 
When trading range narrows after a decent, is this potential breakout?

I tried to look at behavior right before a breakout.

Ive noticed that many times,
when a stock is plummetting, its has a wide trading range.
When it stabilizes, it has a much narower trading range.
After the narrow range, it breaks out, as volume picks up.

Is this correct?
Does anyone else have any observations to add to this?

Also, how does volume come int play?
ie: high vs low vol. during descent,
high vs. low during consolidation
and during beginning of new breakout..

Thanks for any help!