GREY:MDCGF - Post by User
Post by
beenthereon Jan 06, 2011 8:25pm
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Post# 17936174
indicator
indicatorYour post from yesterday ..Possible Flag forming (Chart)
A BULLISH and very reliable pattern (scroll down to see chart):
"Sharp Move: To be considered a continuation pattern,there should be evidence of a prior trend. Flagsand pennants require evidence of a sharp advance or decline on heavyvolume. These moves usually occur on heavy volume and can contain gaps.This move usually represents the first leg of a significant advance or decline and the flag/pennant is merely apause."
After today would you not agree the flag represents a decline not an advance.