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Linda,
Want to have some fun? Take a look at a 1 year chart of CPWR. There
appears to be a flag or pennant there, but reversed. The chart is going
from higher highs to lower lows and each swing goes futher than the
previous one. If it continues, then CPWR will see well in excess of 60
within a few months and then a drop below 20 there after. I've never
seen this particular pattern before.
Norm Cabana
Linda Swope wrote:
> Hello all, I have a lot to learn about patterns. I am not making any
> trading decisions off them, rather I am trying to make sense of what I
> see and understand traditional interpretations. When I look at a 12
> month daily chart of INTC, I see a pattern, but I don't know whether
> to call it a flag, a pennant, or a wedge. And I don't know what it
> means. What is the traditional line of thought regarding a pattern
> like this? Again, I'm just trying to add to my knowledge base and I
> appreciate any feed back! Have a good trading week...
> Linda
> Swope's Mountain Photography
> http://www.swopephoto.com
> linda@xxxxxxxxxxxxxx
> Climb the mountains & get their glad tidings: Peace will flow into you
> as sunshine into flower; the winds will blow their freshness into you
> & storms their energy, & cares will drop off you like autumn leaves.
> John Muir 1838 - 1914
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Linda,
<p>Want to have some fun? Take a look at a 1 year chart of CPWR.
There appears to be a flag or pennant there, but reversed. The chart
is going from higher highs to lower lows and each swing goes futher than
the previous one. If it continues, then CPWR will see well in excess
of 60 within a few months and then a drop below 20 there after. I've
never seen this particular pattern before.
<p>Norm Cabana
<p>Linda Swope wrote:
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Hello
all, I have a lot to learn about patterns. I am not making any
trading decisions off them, rather I am trying to make sense of what I
see and understand traditional interpretations. When I look at a 12
month daily chart of INTC, I see a pattern, but I don't know whether to
call it a flag, a pennant, or a wedge. And I don't know what
it means. What is the traditional line of thought regarding a pattern
like this? Again, I'm just trying to add to my knowledge base and
I appreciate any feed back! Have a good trading week...
<br>Linda
<br>Swope's Mountain Photography
<br>http://www.swopephoto.com
<br>linda@xxxxxxxxxxxxxx
<br>Climb the mountains & get their glad tidings: Peace will flow into
you as sunshine into flower; the winds will blow their freshness into you
& storms their energy, & cares will drop off you like autumn leaves.
John Muir 1838 - 1914 </blockquote>
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