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Strategies & Market Trends : The Rational Analyst

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To: The Perfect Hedge who wrote (335)2/23/1998 1:33:00 PM
From: HeyRainier  Read Replies (1) of 1720
 
[ NKE ]

That 1 point gap-up should have been a good warning about the short term prospects of the stock. The stock had a Bullish Breakout from a little Flag it formed (that is the expectation from such Flags), and it seems that if there is any good point to make a short entry, it would be at around 48.375.

Rainier
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