(Click On Chart To Enlarge)
When the Ascending Triangle target of 5.62 went IN PLAY on October 3, and the Rectangle target of 3.67 went IN PLAY the next session, on October 6, I sat here thinking, "No way will those targets get MADE. This fund was at 74.06 in February, 2007. 3.67 would be a loss of 95%. No way is it going to get tha-at bad."
As the kids would say, "Way."
4 comments:
Hi Melf,
Is a wedge the same thing as a triangle. I suspect so. This is in reference to the rising bearish wedge in previous posting.
Is a wedge the same thing as a triangle.
Katzo,
Yes, it's a type of triangle. Here's a list of different types of patterns (including triangles) from Stockchart.com's Chart School. A "pennant" also is a triangle, by the way, so look at that one, as well:
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns
So based on this analysis,whats the next target?
(So based on this analysis,whats the next target?)
iv,
That was final target off the pattern measurements that I had.
Post a Comment