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Re: DOW Triangle



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Yes, but I have trouble remembering to continue to watch such many things.  So
please don't hesitate to remind us of your continuing observations.

Dan Harels wrote:

> I believe the DOW Industrials broke down out of a symetrical triangle
> yesterday.  It appears to be rallying back to the lower trend line as is
> characteristic.  Measuring from the peak at about 11,400 to the trough at
> about 10,300 gives a move of about 1100 points.  Subtracting this from 10400
> where the price broke the lower trendline gives a target of about 9300 al la
> Edwards and McGee.  I think this is a good example of a symetrical triangle
> and it might be instructional to watch the way the subsequent price move
> unfolds.
>
> Dan
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