Knight/Trimark Group, Inc. Message Board

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Non-Tech : Knight/Trimark Group, Inc.

KCG 20.00

0.0%

Aug 17 5:00 PM EST

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To: Sir Francis Drake who wrote (2755)	7/24/1999 2:42:00 PM
From: Lee Martin	Read Replies (2) of 10027

Morgan, When I draw a line connecting the lows from APR and JUN the line goes right through the 46 level we bounced off of Fri. If I draw a line connecting the highs from MAY and JUL it goes through 60. It looks like these lines meet at about 53. To me it looks like we have a pennant formation and we bounced off the bottom line Fri. If I'm right the next rally should take us up to the high 50's. NITE is definitely oversold and due for a rally so maybe we'll get one soon. After that I guess we'll break the formation one way or the other. So great "Analyzer of all things technical" please let me know your thoughts about a possible pennant and what it might mean going forward. Thanks, Lee

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