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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (12310)12/26/1997 4:24:00 PM
From: Lazarus_Long  Respond to of 94695
 
Try this. It makes the coil and pennant clearer.

iqc.com

Amazing the difference scaling makes in seeing and interpreting charts.



To: Investor2 who wrote (12310)12/26/1997 4:34:00 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 94695
 
I2,

Looking at the chart, I'ld say the formation began about ten market days ago, beginning with that big one day drop down from the coil. If you draw a line across the highs and a line across the lows of these last ten days, you have a decending pennant slightly narrowing. Kind of a coil variation, but really a pennant. After a market selloff, this is generally bullish.

GZ


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