Replies to post #611 on Redback Networks, Inc. (RBAK)

[Snap Hook]

But who knows when. My TA training tells me a rising wedge is bearish and signifies a reversal, though perhaps not a major reversal. Typically in a rising wedge, volume peters out the farther along the wedge one gets. Follow the links back to a multiday intraday chart showing a classic rising wedge. Below is an interday chart which shows a rough wedge, but with distinctly declining volume. Notice the prior wedge with declining volume.

Watch for a break of that intraday wedge as your que to skidoo.

I think the long fun is about over for the time being, but the short fun may be beginning, if one has the cajones to play that game with this stock.