Seriously - can this market get any more spastic? After what appeared to be a clear break yesterday, the market decided to rally 25+ ES points and close back inside the wedge.
So, once again, we have to redraw the boundary line of the wedge...
Its at times like these that I decide to go and bone up on my study of wedges. Obviously, the best reference is the technical analysis of stock trends. Peter L. Brandt, probably the greatest master of classical chart patterns alive today hates the newer version of this book and uses the 5th edition as his bible. You can probably pick up a 5th edition on amazon.
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