Chart Congestion Analysis by Holliston Hill
ARTICLE SYNOPSIS ...Chart Congestion Analysis
by Holliston Hill
Congestion areas appear in all markets whether it be gold, soybeans, IBM, or the Dow Jones Industrial
Average. Being able to recognize the different types of congestion areas and knowing what they will lead
to, can help the investor reap great profits.
A congestion area is a price level in which neither the bulls or bears are in complete control.
Accumulation and distribution are other names for congestion areas. The market cannot make up its mind
in which direction it wants to go. Congestion areas are pauses in the market action; many traders step...
AUTHOR: Holliston HillDATE: FEB 1985