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To: Mark Buczynski who wrote (1099)12/8/1997 2:09:00 PM
From: glen  Respond to of 8359
 
Mark,

A cup and handle formation are when bottoms are made, rather than continuation patterns. You can see a great example of this if you look at a weekly chart of ABTX from 8/2/96-2/6/96 for a cup pattern, and 2/6/96-5/5/97 for the handle. This was followed by a very powerful breakout, which you correctly pointed out is a typical expectation of this pattern.

regards,
glen