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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Teflon who wrote (18578)	3/22/1999 10:55:00 PM
From: Kevin Podsiadlik	Respond to of 74651

You might do better to ask Gary B. himself, but until he shows up... The handle is always after the cup. Basically the formation is a peak, followed by a fairly substantial dip, followed by a return to the old high, forming a double top, followed by another retreat, but one which bottoms much at a much higher level than before. The theory is that a break through the top from this formation rates to be powerful and may be permanent.

To: Teflon who wrote (18578)	3/23/1999 12:15:00 AM
From: RTev	Respond to of 74651

So all we'd need is a close below 174 again tomorrow (especially if it's a wide-ranging day) and we'd be able to see a little handle on MSFT. Ahh. Here's a recent cup-n-handle: BCST. The cup (far from perfect, but good enough, I guess) is between 2/1 and 3/1 or 3/2. [Some folks say the right side of the cup is supposed to be lower than the left which this one isn't.] The handle extends from then until 3/19. Today was the big breakout that these things are said to presage.

To: Teflon who wrote (18578)	3/23/1999 1:29:00 AM
From: Gerald Walls	Read Replies (2) \| Respond to of 74651

Does the handle normally occur in front of the cup or after it? Is a "Handle" essentially a flat, horizontal trading trend (say like the handle on a cooking pot) or is it more vertical in nature (like the handle on a coffee mug)? It's always after the cup. The handle is like the coffee cup handle if you removed the top so that it's like a "U" instead of an "O".