The Chart Whisperer: The Technical Triangle, Long & Short

Published: October 23, 2008 | 4:23 PM

As the bottoming process continues, the Chart Whisperer discusses the formation of triangle patterns of many stocks, which mirrors the market trend at times in wide ranges.   These stocks wait to be resolved up or down.   Ascending stocks tend to break to the upside and descending stocks tend to break to the downside.  Associated tickers: McDonalds (NYSE: MCD), 3M (NYSE: MMM), AK Steel (NYSE: AKS) and FCM (NYSE: FCM).

Commentary related to this podcast: "Trading Technical Triangles"