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Re: lowtrade post# 5838

Wednesday, 10/05/2005 6:51:53 PM

Wednesday, October 05, 2005 6:51:53 PM

Post# of 44374
LOWTRADE PERFECT DESCENDING TRIANGLE HAS FORMED,NOT PANNENT. LOOK.

Lowtrade you are the man as far as TA but it's not the pennant. Lowtrade pattern should have been drawn like this:

Straight line from the bottom of big candle stick to the bottom of shortest/latest candle stick as descending triangle not pennant. As a matter of fact. It is a perfect descending triangle pattern as you see bottom line has perfectly formed. Rest of the data also points to that as you pointed.

DATA:

Negative: Strong (100pts)red aroon. Green at ZERO.
Negative: ADX @ 17 and continues going down.

For those of you who don't know what descending triangle is here
http://www.stockcharts.com/education/ChartAnalysis/triangle-Descending.html

SEE YOU FOLWS AT THE DOLLAR. SORRY.

And as Jack always says: "You can't handle the truth! Son"

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