The TradingEdge

[jxyzobrien]

Building base or triangle

A W (base or triangle) is built in anticipation of news to break
out. 3 times we went to the bottom of the base and did not break
down. The key is Greece and their market is up today. Thats why
I see a gap up monday.

Now if we gap down hard tomorrow then sell all day and close at
the lows then the vote is bad and i am wrong. Then my analysis is wrong and we were in distribution.

Market topping here