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To: Elwood P. Dowd who wrote (84240)	8/17/2000 2:05:29 AM
From: Chris	Respond to of 97611

Hi El, I don't know how many Chris' post to this thread. I haven't seen many. Maybe one other than me. Just thought I'd let you know that I am not the one who posted information about technical formations. Being primarily a fundamentalist, I haven't really gotten into charts. However, I always feel that you one should know as much as possible about anything, therefore I have studied technical investing and formations. Although I watch chart formations, I am unqualified to read charts and give advice. I learned my technical information from John Murphy who used to appear on CNBC as a technical analyst back in the late 90's. Here is his definition of a flag formation: A continuation price pattern, generally lasting less than three weeks, which resembles a parallelogram (anyone remember that from advanced algebra???) that slopes against the prevailing trend. The flag represents a minor pause in a dynamic price trend. (See Pennant). Pennant: This continuation price pattern is similar to the flag, except that it is more horizontal and resembles a small symmetrical triangle. Like the flag, the pennant usually lasts from one to three weeks and is typiclly followed by a resumption of the prior trend. I leave it to the more knowledgeable pundits on this forum to interpret his definitions. Chris P.