[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

Chart Pattern

PureBytes Links

Trading Reference Links

There has been a lot of chatter about the "wedge" pattern on the DJIA and the
S&P 500 Index.  If one looks closely, before that pattern was violated to the
upside, you can see an ascending triangle was formed.  The DJIA, a break above
7759 indicates 8400-8500 (perhaps a stretch here)....the S&P 500 a break above
950.53 looks like 1025-1050 (also a stretch).  True, both patterns were small
but I interpreted them to mean the wedge everybody was talking about was

Any comments....