DJIA 0.31% 26,683 dow jones industrials

closest to pin at close 05-10-09, page-19

  1. 5,732 Posts.
    +133.

    The chart looks to have touched the bottom of an ascending broadening wedge for the third time (but has not yet started to rise if you don't count futures).

    Bulkowski's Ascending Broadening Wedge: "When price touches the bottom trendline for the third time and begins rising, buy. This is for aggressive traders because the breakout is often downward. ...76% break out in the same direction as that leading to the pattern."

    http://thepatternsite.com/abw.html
 
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