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Wednesday, August 13, 2008 1:18:03 PM
Bull flag:
"A Flag (Bullish) follows a steep, or nearly vertical rise in price, and consists of two parallel trendlines that form a rectangular flag shape. The Flag can be horizontal (as though the wind is blowing it), however it often has a slight downtrend.
The vertical uptrend, that precedes a Flag, may occur because of buyers' reactions to a favorable company earnings announcement, or a new product launch. The sharp price increase is sometimes referred to as the "flagpole" or "mast"."
http://www.trending123.com/Chart-Pattern-Scan-Stocks/Technical-Analysis-Trading-Bull-Flags.htm
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