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What is spreading pattern?

 
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roniwu



Joined: 25 Aug 2007
Posts: 5

PostPosted: Sat Oct 13, 2007 12:56 am    Post subject: What is spreading pattern? Reply with quote

Hi All,

In 12/11/2007 Steve's daily stock market reports, he mention this line

"The Dow is forming a "spreading" pattern. The current trend should test the October highs."

What is meaning of spreading pattern?
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roniwu



Joined: 25 Aug 2007
Posts: 5

PostPosted: Wed Dec 12, 2007 2:05 am    Post subject: Re: What is spreading pattern? Reply with quote

roniwu wrote:
Hi All,

In 12/11/2007 Steve's daily stock market reports, he mention this line

"The Dow is forming a "spreading" pattern. The current trend should test the October highs."

What is meaning of spreading pattern?



Can someone help with this question?
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rm



Joined: 05 Apr 2006
Posts: 140

PostPosted: Wed Dec 12, 2007 10:19 pm    Post subject: Reply with quote

A Spreading Formation is the exact opposite of a Pennant Formation. Instead of coming to a point, it starts small and the highs and lows exceed the preceding ones.

Right now that's about the best I can do till I study it some more.

rm
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