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Non-Tech : Tyco International Limited (TYC) -- Ignore unavailable to you. Want to Upgrade?

To: Richard James who wrote (703)	11/17/1999 9:18:00 AM
From: Tatnic	Read Replies (1) \| Respond to of 3770

>>>Seriously, what does a pennant signify in TA? <<< Often times when you see a stock make a big move it will retrace in a similar pattern we are seeing with TYC. Higher hi's and low's right of a sharp v bottom. This is often a precursor to another move down in the overall trend (i.e., the daily trend is definitely down in this case IMO), which would then put in a W bottom which is what I am half-expecting. The time frame is hard to pin down, but I expect it will take a while for the institutions to jump back in without qualms.