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Re: wapsi post# 1519

Sunday, 02/19/2012 6:10:25 PM

Sunday, February 19, 2012 6:10:25 PM

Post# of 2932
The whole truth is that there is a rising wedge on the chart. That's all I commented on. I could care less what the fundamental picture appears to be because I know from years of research and actual trading experience that a rising wedge is a warning of lower prices. So, in my opinion. the fact that we had a recent run up in price is insignificant here. Why? That run up in price only helped form the wedge. Look! I don't make this stuff up. But, don't take my word for it. Do your own DD and go read about rising wedges. Here are a few links:

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



http://www.growthstockwire.com/2935/Stock-Market-Danger-Ahead-ExxonMobil-is-Ready-to-Fall

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