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Hi
Graham !
<SPAN
class=531351309-20112003>
Thanks
for pulling my mind straight again - as you probably know - a person's mind gets
caught in certain way's of looking and sometimes it's like looking at the clouds
- one person will see a fat Wolf & another might see a little Lamb
...
<SPAN
class=531351309-20112003>
Just a
quick mind bender - if people want to make money on the stock exchange ( normal
stock exchange not derivatives etc ) why the heck do the sell ? I was
checking out movement again today on a share I own...it is running in a tight
consolidation ...and just when the Volumes are in position to help it break out
- some idiot puts a lower Offer in WHY WHY WHY WHY - they should keep people
like that far away from the market as possible... LOL
<SPAN
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Cheers
& Happy trading !
<SPAN
class=531351309-20112003>
<SPAN
class=531351309-20112003>Louw
<FONT face=Tahoma
size=2>-----Original Message-----From: Graham
[mailto:gkavanagh@xxxxxxxxxxxxx]Sent: 20 November 2003 11:05
AMTo: amibroker@xxxxxxxxxxxxxxxSubject: RE: [amibroker]
Wedges
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.
<FONT
face=Arial>
Another personal
observation would be that it is a rising trend with increasing volatility
giving it a very unstable situation.
<FONT
face=Arial>
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.
<FONT
face=Arial>
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>
<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>
<FONT face=Arial color=#0000ff
size=2>Kind regards
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>Louw Coetzer
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