what do you reckon?, page-8

Hi Pete

Looked at that site and I don't think their definitions of various patterns are right according to classic definitions. In particular their wedges are really only triangles. A true wedge should have both sides going up (maybe OXR fits this - I hope not) or both going down. I can't agree also with their bull and bear flags. A flag forms after a sharp run up(usual) or down and you can't be sure which way the price will move from the flag but usually it continues in the original direction.

I recommend "Technical Analysis of Stock Trends" 6th edition (or later) by Edwards and Magee. It's the bible.

PS To me OXR just seems to be in an up-channel and I hope it stays that way.

JS