Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: Nick Papa who wrote (871)	5/14/1999 11:54:00 AM
From: J Gunn	Read Replies (1) of 15615

Nick, I posted this on Yahoo Wednesday, I was taught that the pattern target calculation goes like this: (PREV HIGH - PREV LOW)+ Resistance Break-out Point. 23 + 59 = 82. Unfortunately, a fake-out break-out candle-stick was formed. Doesn't mean it won't happen, but with CPI numbers and USW buy-out news, will probably take longer. T.A. Symmetrical triangle target of $82. by: jeg48jbg 4543 of 4702 Previous high of 62.625 Previous Low 39.625. Triangle break-out of 59. Symmetrical triangle measurement upper price target 82.00. Resistance level of previous high 62.625. Pattern should be proven today if price does not close below $59. Good news is holding above $59 as I type. Hopefully, 59 resistance now proven? to be support. -------------------------------------------------------------------------------- Posted: 05/12/99, 2:29PM EDT

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