Morning traders Nov 22, page-224

You're absolutely right when taken as an average. Descending triangles break down about 2/3rds of the time. However consider the market over the last few weeks / months - low volatility and sideways drift, combined with everyone claiming the end of the world is near and markets are going to crash and burn... now sentiments are changing so those chart formations will be looking to change sentiment too.

Here's a perfect one GPH - I picked up on it from the short term thread over the weekend. It is almost a twin of SO4, however GPH has a MC of $17m compared to SO4's $67m. Hartleys are all over it (and hold almost all the free float). It's low liquidity so a STT but the breakout will be day tradeable