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To: glen who wrote (1211)12/11/1997 11:30:00 AM
From: Jim Lang  Respond to of 8359
 
Glen,

Agreed. You will find that I made a similar comment to Archie, I believe, some posts back. The flagpole and pennant formation that CocoaM describes a few posts ahead of this one is what I was getting at about a drop in price when buyers are temporarily exhausted after a runup like we have had (and had earlier in year). I concur with your assessment that for this stock it is a continuation pattern, to be followed by another breakout upward (probably in response to specific news).

FWIW,
Jim L.