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wapsi

02/20/12 7:06 AM

#1538 RE: surge1k #1530

no I do not see a retracement back to .025 areas. I see a very bullish triangle formation which Mr Wedgie keeps calling a wedge. When the triangle reaches the apex and gets tight within...Is usually a breakout to the upside. .15 is well within reach of this formation. Take a look at the different types of Triangles. Here is a link to start research.

http://www.investopedia.com/university/charts/charts5.asp#axzz1mvIPn9SB