Rising Wedges Turn into Waterfalls
May 6, 2010  Analysis from Chris Kimble 

Click to View Here's a Chris Kimble quartet that clearly illustrates a point Chris has been making in several previous posts. His comments:

As noted in this article from last week, rising wedges favor lower prices for any asset class in which the pattern appears.

I have suggested for a few weeks to "Harvest" or take protective action.

As the chart shows, Fibonacci and the rising wedge were suggesting just what would take place, BEFORE IT DID.

Let the "Power of the Pattern" become your friend.

For feedback or more information, email Chris at KimbleChartingSolutions@gmail.com.