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To: Mark Z who wrote (2932)6/28/2000 10:46:00 PM
From: rkral  Respond to of 10876
 
Mark,

Re: NOK
I see the parallelogram (on a log chart) described by the prices you list. I don't know what to call it. A flag? Wow! We sure learned from two different TA schools. <gg>

I learned that a bull flag actually looks like a flag on a chart. The consolidation is preceded by sharp up move (the flagstaff), rarely lasts longer than 4 weeks, and has a generally declining volume until the (hopefully) upside breakout.

Thanks for the tip on RHB. Chart looks great and P/E < 17.

Regards,
Ron