Wedges, triangles, and stuff: Chart patterns for breakouts Message Board

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Strategies & Market Trends : Wedges, triangles, and stuff: Chart patterns for breakouts

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To: shasta23 who wrote (241)	9/24/1997 5:39:00 PM
From: HeyRainier	of 257

Stefan, with OMKT, we were referring to today's price action, which was the breakout from the pennant that you had witnessed. As for AMK, it's not out of contention yet. This could end up making a flag..as a reference, take a look at the AMES chart for the period close to the beginning of September, and you might see some resemblances. AMK now appears to be forming a formation called a "cup and handle," which is an equally interesting pattern to watch for. O'Neil calls the cup and handle formation to be one of the most bullish patterns out there. Good luck, Rainier

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