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S&P 500
5,460.48
(
-0.41%
)
US TECH 100
19,190.40
(
-0.38%
)
Dow Jones
39,118.86
(
-0.12%
)
Brent Oil
84.85
(
-0.66%
)
Bitcoin
60,212.21
(
-2.27%
)
Post# of 35087
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The_Pro

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The_Pro

Re: The_Pro post# 8765

Thursday, 10/21/2010 10:07:04 PM

Thursday, October 21, 2010 10:07:04 PM

Post# of 35087
Now For A More PRO Touch

After carefully, reviewing, Investopedia's definitions of Flags, Pennants, Wedges and Triangles, and diligently studying the chart on USOG, only one conclusion can be drawn:  a Bullish Pennant has formed.  The base of the flagpole started 10/8 and it topped out on 10/13.  From 10/13 to present USOG has entered the Pennant Race where consolidation/continuation has taken place.

I refer everyone to Investopedia's short tutorial:

Analyzing Chart Patterns: Flags And Pennants@

http://www.investopedia.com/university/charts/charts6.asp

So In Recap, Goldfinger Has Been Beaten By James "The Slayer" Bond.


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