MDA - Market Direction Analysis

[deuce bigalow]

there seems to be no interest in why triangle chart patterns signal directional breaks and why they form<<<<

i would say they form because price has reached a point of equilibrium, a narrowing range forms as neither bullish traders-nor bearish traders have enough fire power to move price in their direction, the range narrows and volume shrinks, as traders get frustrated that price isn't moving in their direction, then either some news happens, that creates a direction move or for some other reason (full moon, 600 year old italian turning point, etc. -g-), one team jumps sides and moves to the other side, causing a directional move

i don't know if you asking about the ability to catch the direction of the break while it's still in the range or why they break directionally.

and while were at it, i think i've got the longest narrowest triangle on a market index in recent memory, i did post this back in april and may and noted that some rock n roll was dead ahead.

http://www.investorshub.com/boards/read_msg.asp?message_id=596410
the ftse from late october 01 thru may

OK, LG now give us your take =g=

db

{for some reason the embedded link will not work on this post, but i't will somewhere else (full moon? -g-)}