Extra large!

So are we really going to break out to the upside? We should know first thing in the morning, all we may get is the Dow filling the gap on the hourly. Then we may see all the indexes roll back down. I am sorry I do not have an interest in the long side tonight. We are almost at the 50 day on the Dow while the rest of the indexes are lagging. The larger triangle below on the Dow may be in play.
Rick

Edited by oextrader, 26 February 2008 - 12:09 AM.

I'm a bit confused....you mentioned a wedge the other day and couldn't see one....now I can't see a triangle on that chart....if you are suggesting those lines drawn on there is a triangle....how is that possible? Where are the start points and how can you draw it that way? TIA

I agree with TP. I see a triangle, but ont that one and not as big. I cant see how what u have drawn can be a triangle at all. The connecting points dont seem to fit, to my eyes anyway.