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Strategies & Market Trends : Classic TA Workplace
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To: tbancroft who wrote (134800)7/27/2006 9:59:39 AM
From: Henry J Costanzo  Read Replies (2) of 209892
 
GRMN...Sorry for the delay getting back to you, tb..Grandfatherly duties take me away this week from about 4 till the next morning...vbg..

I think that possible Jun pattern you noted is a little too diffuse to be considered a triangle....I had us completing a bullish flag in mid-Jun, and I set some pretty high targets at that point.....none of which have as yet materialized.....sigh....

Now, since the end of Jun, looks to me that we're working on a bullish pennant. At a fairly critical point here....Should hold the July lows....also hold above the 60d MA.....or we'll be looking bad....Hopefully. we'll see a break above the DT line from end of Jun.........Otherwise.......kaput!....LOL

PS........see we've broken below both those critical levels ....as I type.....Back later....
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