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doubleg

04/11/10 10:30 PM

#82879 RE: jbsliverer #82874

very interesting to say the least.

are the arrows that go from high to low on the volume perhaps indicate that higher volume is to be expected? the trend seems to be high, low, high low ???

so it does appear the indicators are looking up, which would do quite nicely with a pr thrown in soon.
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Dale C

04/11/10 11:48 PM

#82883 RE: jbsliverer #82874

Couldn't the last wedge also be considered a pennant? It did develope off a minor uptreand. Pennants tend to break out in the same direction they were formed. Convergence due over the next couple of trading days.