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To: Gary Burton who wrote (43067)4/22/1999 11:47:00 PM
From: The Ox  Respond to of 95453
 
Our combined TA on PGO seems to be working out well! The close at 15 15/16 appears to be a nice breakout on my chart.

Any changes in your PGO thoughts from earlier today?



To: Gary Burton who wrote (43067)4/23/1999 9:22:00 AM
From: Berk  Respond to of 95453
 
OT Gary, thanks for the EW refresher<g>. When the patterns are distinct, it is truly awesome, if only we could eliminate those triangles! Take care.



To: Gary Burton who wrote (43067)4/23/1999 10:58:00 AM
From: stan s.  Respond to of 95453
 
I think Gary mentioned the Reverse (inverted) Head and Shoulders pattern on PGO. Here's one of RIG, not quite as pretty as PGO's but it'll do. The volume pattern on PGO is better as well.
geocities.com

A bullish pattern. Hope for RIG to hold at 29 3/4 or thereabouts on a closing basis.
That was the trigger line upward. Could, and I repeat "could" be an opportunity. All the OSX has to do is hold 72 or so at close to remain in a strong pattern. I make no predictions here.

Here's more info on the Head and Shoulders (bearish) and the Reverse (inverted) Head and Shoulders (bullish).
chartpatterns.com
chartpatterns.com
chartpatterns.com