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Strategies & Market Trends : Dawg's Place -- Ignore unavailable to you. Want to Upgrade?


To: MrThesp who wrote (230)6/24/1999 1:28:00 PM
From: Guy Gadois  Read Replies (1) | Respond to of 2751
 
Looking at the 2 year chart you can see a cup and handle pattern. Usually the handle will angle down with decreasing volume. I think at this stage everyone is sitting and waiting for direction. If not, back to the Evans & Magee for a refresher. Normally with a chart such as this, the odds would be for a strong upward move on increasing volume. If market goes into toilet big time, all bets are off.

jon