AI
Tuesday, April 10, 2007 8:40:08 PM
and here is why:
Looking at the chart in the I-Box above (click "Show Board Information" on top of the first page) , the chart pattern is probably- but not certainly- a "cup with a handle", and so:
Target is the handle top: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup. Or, .06 + .0575= .1175 cents US
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle
For example:
Waves of Crude Oil & Natural Gas:
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