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To: Feraldo who wrote (287)12/29/1997 12:34:00 AM
From: Doug R  Read Replies (2) | Respond to of 1488
 
Feraldo,

I first described it as a somewhat tight flag a couple days ago on another thread. Sorry for not being terribly exact. The current triangulation of the price will reach an apex soon so all we can do is wait and see. I've seen a few HTF's back off from the top like that this year and go on to double again but the double is from where the flag breaks out rather than from the top of the flagpole. MVSI was the first one this year I saw like that and VOXL soon after that. Both of them, after doubling, went on to even higher levels after basing a while. Back in Feb. there was ONPT which had a sloppy pole but a great flag. I don't think all HTF's have to be picture postcards so I wouldn't dismiss FAXX too easily yet.

Doug R