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Strategies & Market Trends : Chart Formations -- Ignore unavailable to you. Want to Upgrade?

To: sean sanders who wrote (223)	7/19/1999 11:57:00 PM
From: Casaubon	Read Replies (1) \| Respond to of 967

yeah, it's pretty sloppy as a triangle. Really its more of a chanel with the mid point at $26. The low point of the chanel was touched in early april and late may. The upper points of the channel were hit in late april and mid june. From mid june until yesterday, it drifted to the mid point of the channel, laying in wait to judge the stock on earnings news. IMO, if earnings were so-so, the stock would have broke out in the other direction. Again, that was not an obvious play, to me. Actually, I was eye-balling the call from an IQC chart. Now, that I look at your Gif, I see what you were getting at. Yes, an ascending triangle from late May until yesterday, with resolution upwards today. Good call! PS Do you use fundamentals at all? Did you have reason to believe positive earnings?