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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?


To: Arik T.G. who wrote (24537)6/3/1999 12:10:00 AM
From: Bull RidaH  Read Replies (1) | Respond to of 44573
 
Arik,

Instead of an expanding triangle, this move since last Wednesday's low is a contracting triangle, with the finale to come in the next day or two as the market hits a peak at around 1301 SPX. Then we begin the Wave 5 tumble from the 5/13 highs. These triangles are ugly and rip many a trader to pieces.

Hang in there,

David