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Strategies & Market Trends : The picks

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To: Trader X who wrote (4721)2/12/1997 1:57:00 PM
From: Trader X   of 6124
 
MRVC 6 month Price chart....cup & handle pattern.........

for those who saw my post yesterday giving an example of a cup & handle pattern, and it's results, here is another, only more timely.

nasdaq.com

Pattern put in between Oct 1 and Jan 1, stock is just now leaving the gate after a pullback to the "handle".

Just as I pointed out the mirror image between ESST and CUBE during the same time frame, BAY is doing a mirror of MRVC...in other words, a reverse pattern. I had never seen this sort of mirror image in charts of competing companies before, but it seems as if it may be common.

KH.
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