InvestorsHub Logo

The_Pro

10/21/10 10:07 PM

#8770 RE: The_Pro #8765

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.