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To: joe who wrote (21288)9/8/1998 2:49:00 PM
From: Wayners  Read Replies (1) | Respond to of 45548
 
I don't think its going to happen (because current volatility is too high--real breaks occur when volatility gets low) but a move above $26 would be a breakout of the pennant. A move back up to $25 1/2 to $26 today I think would simply delay a retest of $24, or actually by that time the uptrend line of the lower portion of the pennant would be higher like $24 1/4 to $24 1/2.

Here's how I make myself sell on a big gap up. I just do it and say, I'll buy back in if it goes to a new high on the day--which hardly ever happens.