Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Snowshoe who wrote (59388)	1/30/2000 3:45:00 PM
From: Big Dog	Read Replies (4) of 95453

Now I know flagpoles. A second major consolidation pattern is a triangle or pennant which is formed by a period of lower high prices and higher low prices. The consolidation can occur during either a market uptrend or downtrend. Usually, after the triangle is formed, the market is expected to move out of a triangle formation in the same direction of the trend. That appears to be what is going on with KEG...a triangle/pennant, after which the uptrend will continue. Or so sayeth the pole. Thanks to all. big atoffshore.com

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