RE:RE:RE:Cup & Handle Formation or TeacupYes chry200030 and a true cup and handle tends to move sideways and down for a period of several weeks to months and what that really is would be the first wave in the Elliot wave theory cup & handle is a minor formation in a larger trend. What I am saying is this won't be a true cup & handle but as you suggested will go sideways for an extremely short time then continuing to an upside only with news otherwise a true cup & handle will form which means down of perhaps 10%. Check the web for Cup and Handle Formation if you're in doubt.. The upside to the golden cross is best accompanied with news possibly 1 to 2 weeks I would be pleasantly surprised if we got it this week but again more for it to come in a couple of weeks. Without news a golden cross will slip back to below and ride " the rails ". If we see the news we are hoping for I would say 80 is conservative.