Triangulation

  • November 19, 2001
  • Duke Heberlein

Consolidation patterns at highs and lows are often good candidates to
continue their trends when they make a move out of the pattern in the direction
of the trend.

 

11-16-2001

13:52:18



Symantec
(SYMC)
is trading in an ascending triangle on the daily chart. SYMC is now down
0.66 to 60.77 and holds a

3-month relative strength ranking of 93 from TradingMarkets.com.

 

 

I like to look for breakouts and breakdowns in the direction of
the trend. For example, look for a breakout through the top of the pattern when
a consolidation forms at the high and reverse it for downside candidates.

 

 

Looking for this action will give you some good opportunities to
cash in on breakouts from consolidations.

Until tomorrow,

Duke