Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Friday, February 22, 2008

Wedge formations

so wedges are different than pendants and asymmetrical triangles, and symmetrical triangles...

Some dipshit on CNBC was calling Wedge... and he was talking about an asymmetrical triangle..

funny stuff.

A wedge is what is formed from the end of wave 3 to the end of 5.... and you draw a wedge based on those points..... and it shows a reversal pattern.....

This is a Rising Wedge.... Flattening top triangle... steep bottom pattern

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