Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: nitlyn who wrote (57428)	1/5/2000 10:41:00 PM
From: stan s.	Read Replies (3) of 108040

MSGI, hi Nitlyn, here's a chart. It's easy to see the symmetrical triangle or pennant pattern. geocities.com The reason I'm holding off a buy until I see a clear break on volume is because this pattern lacks the longer uptrend prior to the triangle that increases the odds of a significant pop. This one still could go either way. The indecision that this pattern indicates usually breaks in the direction of the prior trend. Look at the pennant pattern in the 2nd link below. Scroll down till you see the pennant pattern in a downtrend. MSGI still slightly favors this pattern. No reason to panic, just reason to watch. It still does have nice pattern where the loops are getting smaller, higher bottoms, good indicators etc. so I'm optimistic but still noncommittal. A strong break of 19 5/8 might do it but I'd prefer a volume break of 21 before I'd feel pretty good about a continued upward surge. Here's an explanation . chartpatterns.com chartpatterns.com Remember, ultimately this story will be told with fundamentals and news. Stan

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