RE: [amibroker] Wedges

["Graham" <gkavanagh@xxxxxxxxxxxxx>]

I would almost suggest it 
is just a new trend. Are you viewing in log scale, which may just show the rise 
as a channel of same percent width.
 
Another personal 
observation would be that it is a rising trend with increasing volatility 
giving it a very unstable situation. 
 
You can read a lot of 
things into charts that may not be there or that may have passed. An example if 
you had drawn it a couple of weeks ago is that the pattern could just be a 
rising channel and the last peak broke out of the rising resistance line but 
could not be sustained.
 
Charting is very much in 
the eye of the beholder, regardless of all the rules and pretty 
patterns that have been written (and regurgitated) by many. I tend to make 
my own rules depending on my experience, my eye and the charts I 
view.
 
Cheers,Graham<A 
href="">http://groups.msn.com/ASXShareTrading<A 
href="">http://groups.msn.com/FMSAustralia 


  
  <FONT 
  face=Tahoma size=2>-----Original Message-----From: Louw-Roux 
  Coetzer [mailto:louwcoetzer@xxxxxxxxxxxxx] Sent: Thursday, 20 
  November 2003 4:47 PMTo: 
  amibroker@xxxxxxxxxxxxxxxSubject: [amibroker] 
  Wedges
  Hi 
  there all, 
  <FONT face=Arial color=#0000ff 
  size=2> 
  Just 
  a easy question that is confusing me a wee bit ....What is the technical 
  significance of a "Rising Widening Wedge" against & with a trend...see pic 
  for example...is it the same as a "Narrowing Wedge " with & against a 
  trend ?
  <FONT face=Arial color=#0000ff 
  size=2> 
  Kind 
  regards
  <FONT face=Arial color=#0000ff 
  size=2> 
  Louw 
  Coetzer
   
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