SPDR S&P 500 (SPY): Gleno, I am now seeing an ascending tria...

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learningboutinv

Re: GLENO34 post# 63442

Thursday, 10/30/2008 3:01:10 PM

Thursday, October 30, 2008 3:01:10 PM

Gleno, I am now seeing an ascending triangle on the 10min charts. Break above ~33.06 for QQQQ and we continue higher. Watch the bottom trendline. A break below the red line ~32.73 also the 5min Inv. H+S neckline and it negates this ascending triangle pattern.

Stockchart's Example:

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:ascending_triangle_c

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