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Strategies & Market Trends : Waiting for the big Kahuna
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To: Investor2 who wrote (12310)12/26/1997 4:34:00 PM
From: GROUND ZERO™  Read Replies (1) of 94695
 
I2,

Looking at the chart, I'ld say the formation began about ten market days ago, beginning with that big one day drop down from the coil. If you draw a line across the highs and a line across the lows of these last ten days, you have a decending pennant slightly narrowing. Kind of a coil variation, but really a pennant. After a market selloff, this is generally bullish.

GZ
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