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To: M Allen who wrote (12290)3/6/2000 11:42:00 PM
From: Jeff  Respond to of 19297
 
mike.....the feb. period.....look at GNNU before it ran to 16.00......same type pattern.....but SJET flattened out...GNNU...formed a pennant shape and kept going.....

i'm looking at the indicator more......i call that a cup...but i've seen better lookin' cups...roll .....thats almost an upside down pennant.....and those are just as good...

and just remember.....this is not a tell all.....you still have to use lots of common sense......

like knowing once a stock gaps.....its likely to come back and fill that gap...and you have to combine positive events with that uptrend.....and negative news with sustained downtrends.....

plus...pump and dumps can effect your readings......roll!!

also.....you must.....and i mean must.....look at hundreds of charts to get an idea of whats going on.....and remember similar key indicators that happened before each run......and no two charts and patterns are identical.....so its not that easy at all.....it takes time.....nobody's gonna look at this tonight.....and be ready to chart tomorrow......but with a little effort......and practice.....it will be pretty clear what you are seeing in the charts......

and you must take into account outside factors.....

regards