Forum Archive Index - May 2002

[Phaedrus <Phaedrus@techemail.com>]

 AUO has formed a near perfect classical Falling Wedge formation. These are a 
bullish consolidation pattern, with a very low failure rate. 92% of these 
formations break out to the Upside. Of these 92%, only 2% fail to continue 
upward by 5% or more. 
 Since 90% of these formations result in a successful upside breakout, there is 
little need to wait for the breakout before buying the stock. However, because 
prices are trending down in the short term, it is probably to your advantage to 
wait for the upside breakout.

                    Phaedrus.
 
(All statistics quoted are from the Encyclopedia of Chart Patterns by 
Bulkowski.)

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