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To: Howard Hoffman who wrote (19901)2/10/1999 2:39:00 AM
From: SkyDart  Read Replies (1) | Respond to of 27307
 
A triangle without a level base is not a triangle.

Descending triangle is a term of art and not susceptible to a different definition. Per text [referenced below]:

"They then taper off into a tight trading range, characterized by lower highs and a line of horizontal lows".----Not what you described---

However, maybe you are describing a penant or Falling Wedge Pattern. Per text[referenced below]:

"Look for a breakout on heavy volume about 3/4 of the way through the wedge. Add the greatest height of the wedge to the breakout point for an upside objective."

Falling wedges [however] are considered Bullish and break to the upside.

I like the book, "Technical Analysis" published by The NY Institute of Finance, 1989.

Dart