http://stockcharts.c...llery.html?siga
what SC says about triangle pattern alerts -
Triangles are formed when both the supply and demand for the stock are drying up. Prices are unable to rise but neither are they able to fall, there is an equilibrium between the buying and selling as is seen by the rising bottoms and the falling tops that form the triangle. This stalemate between buyers and sellers is finally resolved by a double top breakout in the case of a bullish triangle breakout, or by a double bottom breakdown in the case of a bearish triangle breakdown. This is one of the most reliable patterns out of all the patterns recognized by the system.
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btw, I have a kept a 3-year record of the triangle breakouts noted at the time at SC....reliability is iffy by my count, but some of the winners have been big....if time permits will post some of the data results later
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SIGA....so far, dip buying this name has been profitable
higher lows continue to control the weekly chart pattern, but higher highs are yet to manifest
Edited by hiker, 16 March 2007 - 06:48 AM.