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On a breakout, conservative traders will wait for a second consecutive close above or below the wedge line for confirmation.
FORBES: Technical Trading: Gold Consolidates in Wedge, Bulls and Bears Battle It Out
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On the flip side, Credit Suisse is still struggling to maintain its revenues with the top-line shrinking for the second consecutive quarter.
FORBES: Credit Suisse Is Worth $32 On Better Outlook Despite Mixed Results
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The two consecutive lower closes have violated the daily uptrend, line c, suggesting a short-term top may be in place.
FORBES: 2nd Quarter Pivots to Watch
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The bottom line is this: for the second consecutive series, New York has dug an 0-2 hole on the road and will need to rebound quickly at Madison Square Garden if the club hopes to extend this postseason run.
WSJ: Rangers looking for 2nd straight 0-2 comeback
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Georgia quarterback Aaron Murray drove the Bulldogs down the field, firing three consecutive passes for first downs to reach the Alabama 8-yard line.
WSJ: Alabama Beats Georgia in SEC Championship: The SEC Officially Rules the Universe
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However, I am pleased with the progress we are making in improving and driving growth in our high-margin Signature platform, which generated its third consecutive quarter of sales growth and our pre-paid mobility business, which included the launch of the RadioShack branded line of phones.
FORBES: Radio Shack Shares Crushed As Q3 Results Miss Street Estimates