Hey GuysJust having a look at IndoChine Mining chart today and...

Hey Guys

Just having a look at IndoChine Mining chart today and it looks like a nice Cup and Handle is forming nicely!

Especially after today's imminent slightly lower close.

Can be quite a bullish signal from the market!

:)

IDC Chart

Cup and Handle Charting Theory

Cup and Handle
What Does It Mean?
What Does Cup and Handle Mean?
A pattern on bar charts resembling a cup with a handle. The cup is in the shape of a "U" and the handle has a slight downward drift. The right-hand side of the pattern has low trading volume. It can be as short as seven weeks and as long as 65 weeks.

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 takes off. Below is an example of a cup and handle chart pattern:

http://www.investopedia.com/terms/c/cupandhandle.asp