descending triangle, page-19

It is anyone’s guess on GDN –
Jantimot says, “Charts don't lie, but they can't tell the future either!”
I tend to agree – they are supposed to improve our chance of success.

Back to the GDN chart – I would call the pattern a Symmetrical Triangle.
(I tend to use line as opposed to bar charts)
I understand these patterns are:
* usually continuation pattern (not always)
* breakout ½ to 2/3 into pattern (could be so on a weekly)
* volume falling on formation (seems to be the case)
* watch which swings have the most volume (maybe positive on the daily)
* and finally the breakout determines the direction of the trend.

So the pattern has yet to be resolved –

I hold some GDN – bought cheap and prepared to wear whatever outcome.
It is an inexact technique – good fortune to all in 2007