wednesday bearitis, page-36

volt, you're doing ok. Its good to differentiate the type of triangle, and use it in conjunction with s/r lines and such. As you know some triangles are bullish and some bearish, and all depend on the previous trend for definition. The stronger the trend the stronger the triangle signal. The more obvious the triangle the stronger the signal. At least on June spi today it was almost as much a parallel range as a pennant (very shallow triangle). This is also something I wonder about with cmc charts. They give patterns but the patterns are different sometimes to the real market patterns because of the cmc adjustments. Anyway, patterns are just a tilt of the probabilities, not a fail safe signal. cheers mate!