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Strategies & Market Trends : Ask DrBob

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To: anon.10 who wrote (64214)7/28/2002 10:38:44 AM
From: chichi2  Read Replies (1) of 100058
 
LanaTaylor Says: (DOW + S&P analysis) forJuly28.

Lana Says:
"Spx and DJ both have pennants forming so looks higher next week. lt"

TA Education: Pennant or Flag
stockcharts.com

We ask, "Do you see Pennants or Flags?"
If so, by TA they are "continuation" patterns.
Continuation of what?
Continuation of the previous Trend.
And what was the previous Trend?

DOW ($INDU) (5 min interval chart)
bigcharts.marketwatch.com

S&P500 ($SPX) (5 min interval chart)
bigcharts.marketwatch.com
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