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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: The Saint who wrote (19711)4/13/1999 10:52:00 AM
From: Denise D  Read Replies (2) of 37507
 
Saint,

Bull flags should form on relatively light volume.

If it's okay, I'll refer to my book, FYI:

• represent brief pauses in a dynamic market move; one of the requirements for flags is that they be preceded by a sharp and almost straight line move
• volume should be light during its formation; an important requirement is that volume should dry up noticeably while the pattern is forming (notice you said "dry up", Saint?)
• the flag should slope against the trend

Hope this helps.

Denise.
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