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To: ratan lal who wrote (51627)9/5/1998 10:34:00 PM
From: donald sew  Read Replies (1) | Respond to of 58727
 
Rat,

>>>>>>>>>> What points on the Dow are you connecting to come up with the PENNANT which shows 7760 as support for the Bearish sentiment.<<<<

Connect the intraday highs of 8/31. 9/2, 9/4, and connect the intraday lows of 9/1 & 9/4. 7760 were Friday's highs.

When the descending and ascending vectors conjunct - its around 8600.
Pennants have a short duration period, normally under 10 days, not like a triangle. chartpatterns.com

Seeya