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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Henry J Costanzo who wrote (140965)	2/1/2007 3:18:41 PM
From: Galirayo	Read Replies (1) \| Respond to of 209892

How do you figure a breakaway ?? I thought it looked like a Continuation breaking over Horiz R .. But the Mid Point Measure looks efficient as well. Gap - Breakaway Breakaway gaps signal a potential change in trend and are especially significant when accompanied by an increase in volume. A bullish breakaway gap forms when a security gaps up after an extended decline. Bullish breakaway gaps can also occur after an extended base or consolidation period. A bearish breakaway gap forms when a security gaps down after an extended advance. Bearish breakaway gaps can also form after an extended top or consolidation period. If you call it a Breakaway you may have to acknowledge the Cup and Handle Consolidation ?? Gap - Continuation A continuation gap forms in the middle of a move and in the same direction as the current move. These gaps signal a continuation of the preceding trend and can mark good entry points. After a short or intermediate advance, a continuation up gap is usually considered bullish and signals a renewal of the uptrend. After a short or intermediate decline, a continuation down gap is usually considered bearish and signals a renewal of the downtrend. This gap is also called a measuring or runaway gap. stockcharts.com I put it in the Combo Platter Menu earlier today.