Re: [RT] market outlook

["EAdamy" <eadamy@xxxxxxxxxxxx>]

I would note that while a "test of the upper border of the larger pattern" may be bullish, a rising wedge pattern is generally trend terminal i.e. bearish.

 

Earl

----- Original Message -----

From: Ben

To: astrofin@xxxxxxxxxxxxxxx

Cc: Vincent DONOVAN (E-mail) ; realtraders@xxxxxxxxxxxxxxx

Sent: Saturday, October 01, 2005 2:47 PM

Subject: [RT] market outlook

The long-term rising wedge pattern continues. A shorter-term consolidation, between 1245 and 1200, appears to be forming within the wedge pattern; a bullish sign that may result in a test of the upper border of the larger pattern. Twiggs Money Flow (21-day) continues to whipsaw around zero, giving no clear signal.

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