Any of you technicians see this as a flag or pennant breakout? see attachment Ignore today's volume bar, Scottrade seems to lag a day on volume. Yahoo has the volume at average but most of the volume came in the last 5 minutes of the day. see url http://finance.yahoo.com/q/ta?s=C&t=1d&l=on&z=l&q=c&p=m50,m200&a=vm&c= Opinions?
I use Scottrade Elite and the pic I posted was captured well after the close showing the daily volume at 7.3 million. Yahoo has it at 18+ million Tomorrow scottrade will reflect the true volume. I don't know why this happens. Anyway, after reading Bulkowski's description of a pennant, the one in Citigroup is actually a falling wedge since it's older than 3 weeks. http://thepatternsite.com/fallwedge.html