re: cu & ag...flag has formed?
Dave, A flag is formed when parallel lines can be drawn through the peaks and the troughs in a correction (or a rally during a down-trend). The lines slope counter to the direction of the l/t trend. The pattern is completed by a break outside the parallel lines. The other pattern I see over a longer term is a falling wedge.Before you ask, a falling wedge forms with lower highs and lower lows. A bullish signal, a falling wedge is a continuation signal in an up-trend and a reversal signal when observed in a down-trend. Cant help myself...spent $800 last year and did 6months of tech.analysis at the Securities Institute and really enjoyed it and trying to put into practice.
