the wall, page-218

the pennant line on the 20/12 you spoke about where you said I'm still calling the initial analysis as valid and this as a false southern break only. my understanding you where bullish after this point so the stock has declined further since. so im confused with this sort of trading as i am not a huge believer of charts like anry.so clarify or plz explain what in charting methodology it means when it reverse further down or is it it goes against the principles of charting .thx i would appreciate a reply