Replies to post #177007 on SwingTrade Member Forum (SWING)

[Rawnoc]

I wouldn't be surprised if we hit Dow 10k this month and everybody shits themselves....

But but but but the economy still looks unstable. I thought the market is only supposed to go up after everybody, their neighbors, their barbers, and their taxi cab drivers already knew the economy is okay?

[Wizard]

I wouldn't bring up TA on this board, but since you mention it......

I see the wedge - it looks like a rough symmetrical triangle to me. These are bullish in an uptrend, but bearish in a downtrend. See this and scroll down to the "symmetrical triangle in a downtrend" section.

http://www.chartpatterns.com/symmetricaltrianglechartsstocks.htm