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Author: PuddinHead42 Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 332  
Subject: Breakout watch Date: 2/24/2012 11:29 AM
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Here we are again, nice pattern, ready to go, no real catalysts soon. Is market getting toppy?

http://stockcharts.com/freecharts/gallery.html?UA

So if you look at the base that has been forming since Dec you will see a nice cup with handle and a buy point of $86.97, with proper volume. Notice how the handle has decreasing volume indicating sellers might be done and buyers are waiting for a good reason to buy. This is exactly what you want to see in a handle. The cup part of the base has been a good 10 weeks, so you would probably want a handle to play out for a couple of weeks before it breaks out. Keep it on your alerts list.


Excellent review here...

http://news.investors.com/article/601883/201202221538/appare...
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