charts week beginning 14/11/2011 , page-49

was looking at IDL thought this might interest andy

looks like a tentatative flag forming - possible pole projections in green

in terms of pattern trading, an agressive entry would be at the bottom of the flag channel, conservative being break of flag, ultra conservative being backtest of break... of course pattern breakouts often dont backtest at all

interestingly DCG, same industry / sector as IDL, just recently completed a very similar move - break, flag, break to pole projection