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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?


To: Jibacoa who wrote (21527)12/29/2006 12:48:42 PM
From: Galirayo  Read Replies (1) | Respond to of 23958
 
[ALVR] Bernard ... That's not a Handle ...

Contrary to what you may think ....

>>And in spite of Ray's comments, that cup with its downward handle <<

That is a Bull Flag. It did show a Saucer Bottom and then made a Handle .. But the Handle Broke Before 2005 with a Declining Double Top.. Or if you will a Failure to Produce the Complete Handle and Break Out.

Then it subsquently moved into a Bull Flag with a Big Long Down Trending Channel.

It could have been an Ending Diagonal until it made the last Underthrow of the Lower DT Line.

Like You Mentioned ... >>> get off from the downtrend coming from its Jan 2006 H of 10.96 & even the one coming from the Nov 2004 H at 16,01 <g>
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