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Technology Stocks : ICOM: Investment Discussion

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To: opalapril who wrote (444)3/28/2000 1:16:00 PM
From: JimBeamII  Read Replies (1) of 494
 
TA Intraday update ... the Rule of Five

For previous TA updates please refer to:
Message 13291149

The high (so far) of 7 7/8 bumped the upper boundary of our flag formation. With this "finalization" of the flag formation's pricing action, the stock is now set for a breakout from the formation ... one way or the other.

As I have been saying in previous posts, I believe the breakout will be to the upside when it occurs. I still expect the breakout will occur in the next day or two, given the market action. We cannot ignore the unibomber ... which appears to currently be the NASDAQ (-70+) at this time.
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