Replies to post #11359 on MDA - Market Direction Analysis (MDA)

[augieboo]

Ranch, I really don't ewave, so I can't comment on that, but something I have noticed is that quite often when a stock breaks prematurely above the upper falling resistance line (FRL) of a falling wedge it will slide downward along the top of that FRL, in essence using it as support to slow its descent. Eventually it will draw out a new wedgie, from which it can successfully breakout or go into a sideways consolidation period. None of which helps you with trying to time an entry right now, I know, but there it is. {g}