patterns, page-2

Hi Micky

That would be a cup and handle. The cup is in the shape of a "U" and the handle has a slight downward drift.

As the stock comes up to test the old highs, the stock will incur selling pressure by the people who bought at or near the old high. This selling pressure will make the stock price trade sideways with a tendency towards a downtrend for four days to four weeks... then it generally takes off.

There is not a hope in hell I'll be selling these for at least 18 months.

This can only go one way for here.