weekend charting 8th jan 2010, page-105

Hi Susan,
Re CNX..I can see the C&H the Q is it valid or not thats why I posted the link..You want to check Time & Cup Depth....???
Not all patterns work...all of the time...if it is valid the upside is to the $1.40 range..
I posted the charts to show you there is also a reality downside Risk with this stock atm to mid 50c's/60c's imo..
Should it go that way I'd be saying Bye to the handle..
Trade Safe..
Cheers Pete


http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle