The Black Box

[brainlessone]

wahz so many charts have the same descending top triangle with a flat base for the last few months its amazing. I see the same pattern everywhere I go. the naz 100 pattern is reflecting the pattern of many many stocks. the flat bottom of the triangle is between 30% to 100% off the oct lows for many stocks, with feelers just on the descending top of the triangle.

I do not know t/a that well, and I thought this kind of triangle in an up market was not bullish, but please correct me. Associated with this pattern, there has been steady accumulation starting last thurs- fri ( a week to ten days ago) based on 20 day charts.