ajtj99's Market Pulse

[ajtj99]

Probably the best way to illustrate my point is to illustrate it. The rule is basically draw a trendline attaching two consecutive extremes in price. Do not draw through an extreme to reach another extreme beyond it. That's a no-no.

A rising wedge should have the anchor point of the lower line below and to the left of the anchor point for the upper rising line. The opposite is true of a falling wedge.

NDX weekly chart showing some trendlines:

http://stockcharts.com/h-sc/ui?s=$NDX&p=W&st=2002-08-13&id=p13735656404&a=6471086&am...