The Black Box

[mjk]

here's a picture of how I see it...we had the rising tops and bottoms that the bears have been calling a bearish rising wedge...I expected the "wedge" to be negated by turning into a channel after breaking that top line to the upside. Inside that I see an ascending triangle...we broke out of that, backtested it at ~2191, exploded back above the rising tops line, and now backtested it...I wouldn't be surprised by another candle like we got to start the year to explode up now. If we crater below that this week, I'd worry about going back into the trading range and heading towards the lower line...I don't expect that at all.

http://stockcharts.com/def/servlet/SC.web?c=$COMPQ,uu[e,a]waclyyay[d20031214,20061231][pb50!d20,2!f]...