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Post# of 79025
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LG

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LG

Re: Torqputty post# 23766

Tuesday, 03/07/2006 9:00:36 PM

Tuesday, March 07, 2006 9:00:36 PM

Post# of 79025
Torqputty: Well I suspected that is what you were going to say. That is no symmetrical triangle. Not even close. You might try looking at this site to help you out in the future...

http://www.chartpatterns.com/symmetricaltriangles.htm

While I think it is a stretch, your pattern comes closer to this...

http://www.chartpatterns.com/ascendingtriangles.htm

While I am at it, I'll add another suggestion. I would stop trying to use price/volume patterns on indicators.

Regards,
LG

PS: Sometimes there just is not a pattern in play. So many folks try forcing patterns into play. It is always best to make sure a pattern conforms to the guidelines so you don't get caught expecting the wrong thing. Also, patterns are not 100% and at times are negated...kind of like a Broke Back Triangle. I think it was up for several Oscars this year...gg





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