The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Ken W who wrote (8920)	12/7/1997 1:29:00 AM
From: Doug R	Read Replies (1) of 79308

Ken, A high tight flag occurs when a relatively unbroken run which doubles the price forms the flagpole. A tight trading range in the following days is the flag. The price must at least nearly double. Check out FAXX as a good current example. What SOFT has here could shape up instead to be a base on base pattern. There are 2 nasty downtrend lines just above the current price. It could break through the first line to set up the second base as it prepares to attempt the next line. It's very near short-term over bought right now so I don't think it'll be able to turn the small ascending triangle in the current base into a move to the next base yet. You'll probably see a widening formation develop for a little while. It had a great PGDCEB signal day on 9/12. Doug R

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