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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: jcm who wrote (6238)2/12/2000 9:19:00 PM
From: Guy Gordon  Read Replies (2) | Respond to of 24042
 
The pennant is a bullish pattern. That is simply based on experience. When a stock forms a pennant while in an up-channel, it usually forms a solid base for the next move up. No guarantee's of course. TA isn't that good. And if the market tanks next week, all bets are off.

All that's happening when a stock bases like this is that sellers are drying up. After those shares are absorbed, the stock price has to rise to accord new buyers.



To: jcm who wrote (6238)2/13/2000 4:09:00 AM
From: Rick Escher  Read Replies (2) | Respond to of 24042
 
I'm curious if anyone else sees a descending triangle forming in JDSU. I don't understand how to differentiate between a pennant and a triangle. I've posted JDSU's chart and a comparison chart from Shabacker's book, Technical Analysis and Stock Market Profits, at the following site.

maxti.com

Any clarification and/or instruction would be appreciated. Thanks.

Rick


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