iTalk Inc. (fka TALK)

[beer$$money]

THE COILED SPRING:) TALK is ready to Spring Upward!



Characteristics:

This is sometimes known as a bull flag or bull pennant setup and sometimes as a symmetrical triangle pattern, depending on the shape of the coiled spring. The premise of the coiled spring is that after a strong run-up, a strong stock likes to take a breather as it consolidates the ramp-up in price. A weak stock will sell off, giving back much of its gains. But a strong stock likes to coil up in a sideways movement. As it does so, price tends to trend inside an ever tighter range the spring coils up tighter and tighter until shares are ready to climb again. When the coil finally springs open, it usually does so with a delightfully profitable burst of upward momentum.