Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jerry Olson who wrote (79987)	1/21/2000 1:17:00 PM
From: lee kramer	Read Replies (2) of 120523

OJ: I did what you said with GBIX and the 15 & 30 minute charts to see the cup and handle formation. (I always do what you say). But I kinda have trouble with that formation; which is the cup and which is the handle? So I went to the daily chart and saw that GBIX has been in a nice up-trend; has gapped up recently; and until today has been well ensconced in a lovely bull-flag, (now there's a pattern that's not as confusing as the cup 'n handle) on reduced volume. If the stock is gonna break out of the bull-flag, we should see increased volume. A low-volume break-out will make me suspicious. Also, the ADX is above both the + and - DI, often a good technical sign. (Lee)

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