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Strategies & Market Trends : Classic TA Workplace

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To: Galirayo who wrote (135569)	8/14/2006 1:35:45 PM
From: Henry J Costanzo	Read Replies (1) of 209892

CPST...Well, let's not call it a pennant, rayo.. That wouldn't be so hot...since pennants are continuation patterns, and assume you're not interested in seeing it continue down..LOL Whatever it is, the pattern is reaching the longevity expectation for pennants.....and, who knows, maybe what it's really working on is a little H&S bottom, with neckline running through 7/20 and 8/4 highs......Now hitting up against the DT line from the late May high......so probably worth staying tuned in on this one.... A question though...with real energy falling off a cliff, who's going to be interested in ersatz energy ???

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