EZ-PnF, a P&F Charting Program Message Board

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Strategies & Market Trends : EZ-PnF, a P&F Charting Program

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To: Ben Antanaitis who wrote (54)	6/8/1998 10:06:00 AM
From: Ben Antanaitis	Read Replies (1) of 178

All, With this mornings price action, based on the Friday share buy-back news, NOVL has broken out to the upside from a p&f triangle pattern. It bounced off of support point S1, reversed into a column of 'X's and easily moved thru Resistance point R1 and is at resistance point R2. (6/4/98 EZ-PnF NOVL chart) This pattern is only visible with 2% log scaling, a feature of EZ-PnF. Statistically, bullish triangle patterns are profitable 74% of the time, with an average gain of 30.9%, realized within 5.4 months. Ben A. ez-pnf.com

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