Fonix:Voice Recognition Product (FONX) Message Board

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Technology Stocks : Fonix:Voice Recognition Product (FONX)

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To: ed doell who wrote (1743)	3/11/1998 8:10:00 PM
From: Randall E Westberg	Read Replies (1) of 3347

Hi Ed, I was looking over this cup and handle analysis and was confused in regard to this: The cup with handle pattern is commonly applied to the stock market although any market with daily volume data should theoretically work the same. The pattern gets its name from its appearance of a coffee cup with a handle on the right. <<After a rally,>> the stock settles into a downward correction pattern that usually lasts three to six months. This forms the left side and bottom of the cup. When prices start to rise again, volume increases until the old high is reached. This forms the right side of the cup. All the examples of "cup and handles" were for stocks that were on an upward trend. Fonix has been on a downward trend. So why does this "cup and handle" analysis apply to Fonix? Just a friendly question, Randy

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