Rising Wedges

I have noted tons of rising narrowing wedges in the market since the craziness started..

I have also noticed they can win over an ascending triangle just about everytime!

Too much buying sent almost every stock in the home building sector in to a down spin..

I am sure it will recover and this is just one example..DHI, LEN, MTH etc all suffered the consequences of the bearish rising and narrowing rising wedge..

2 trendlines that both slope up and converge at the apex without healthy pull backs..

I have noted a RW can make a C&H pattern fail in a heartbeat..

These stocks are not bad stocks, they are victims of too much buying or irrational exuberance..in the end supply and demand are out of kilter and there is no one left to buy..

This is just an example..CRM is trying to recover from this lion of a pattern..

Just be on the look out...