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Thursday, June 14, 2007 8:56:03 AM
Update GCR.V
Rising wedge pattern on the PPS over time, weakening of trend and momentum indicators, money flow tightening up.
Rising Wedge: A bearish pattern that begins wide at the bottom and contracts as prices move higher toward a support break. As a reversal pattern, the rising wedge will slope up and with the prevailing trend. Regardless of the type (reversal or continuation), rising wedges are bearish.
See:
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:rising_wedge_re...
Rising wedge pattern on the PPS over time, weakening of trend and momentum indicators, money flow tightening up.
Rising Wedge: A bearish pattern that begins wide at the bottom and contracts as prices move higher toward a support break. As a reversal pattern, the rising wedge will slope up and with the prevailing trend. Regardless of the type (reversal or continuation), rising wedges are bearish.
See:
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:rising_wedge_re...
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