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

To: HairBall who wrote (4655)	1/24/1999 10:01:00 PM
From: sean sanders	Read Replies (1) \| Respond to of 99985

LG, I missed that the first time through; 'perhaps this is forming a wedge' - like you suggested in that case the tall upper wick is explained then (the investors didn't want the stock to break above the upper trend line of the wedge). I assume tomorrow's candle action will pretty much confirm or deny what we have here; but if it's a asc triangle then one would have missed most of the gains. hmmm on another note - why do you choose to use the semi-log scale? It seems that the semi-log scale gives you % increases/decreases in price rather then just pure point differences. thankx for your input, Sean