V.14:12 (530-533): The Expanding Triangle by Kit Webster

V.14:12 (530-533): The Expanding Triangle by Kit Webster
Item# \V14\C12\THEEXPA.PDF
Availability: In Stock

Product Description

The Expanding Triangle by Kit Webster

Classic chart analysis and Elliott wave theory both consider the expanding or broadening triangle chart pattern to be a reversal of a long-term trend, and further, that such an event may be occurring in the Dow Jones Industrial Average. Here are the details.

As technicians ply their trade, they look at myriad manifestations of price and volume such as stochastics, head and shoulder patterns, and advance-decline lines to attempt to divine the market's direction. Most often the scene we see is a variation on an old theme, played out in new ways. Every now and then, however, something unusual occurs, and this is such a time for the stock market. The Dow Jones Industrial Average (DJIA), the Standard & Poor's 500 and the New York Stock Exchange index appear to be tracing a rare but powerful formation that will influence the ongoing discussion of bull versus bear markets -and, in my opinion, the formation is decidedly bearish. This rare pattern is the expanding triangle or broadening top.

*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at store.traders.com users can view the S&C Digital Edition in the subscriber's section on Traders.com.

Take Control of Your Trading.
Professional Traders' Starter Kit
All these items shown below only $299.99!
  • 5-year subscription to Technical Analysis of STOCKS & COMMODITIES, The Traders' magazine. (Shipping outside the US is extra. Washington state addresses require sales tax based on your locale.)
  • 5 year access to S&C Archive
  • 5 year access to S&C Digital Edition
  • 5-year subscription to Traders.com Advantage.
  • 5-year subscription to Working Money.
  • Free book selection.
  • Click Here to Order