3 replies to this topic

[Jnavin]

The classic pennant formation on the daily chart with the diminishing volume that confirms the pattern. It's thinly traded.

Edited by Jnavin, 09 September 2006 - 08:47 PM.

[pisces]

The classic pennant formation on the daily chart with the diminishing volume that confirms the pattern. It's thinly traded.

there are signs,that tell me the aforementioned pennant formation might be more of a topping process than a continuation pattern.[much wider daily bars ,extreme downvolume off the top,pattern too large for a pennant,maybe a reversal triangle],but i am not sure,just thought i mention it.i shall watch with interest..



pisces.

[Jnavin]

You may be right. My upside target is 13+.

[PorkLoin]

What a beautiful chart! Who says there isn't order in the markets? Wouldn't surprise me to see a sharp thrust down, like an "E" wave finishing up the triangle, prior to heading for that very $13 area. Doug