The forst thing that struck me about the
JAZZ chart was what a nice looking cup and handle pattern it has. The second thing that struck me was how weak the price relative line is. It is staggering to realize that since this peaked in September, it has actually under performed the market. The third thing that stuck out was how lousy the volume pattern is. In a handle, volume should decline. Here, it increased, and CMF took a nice dive. I think I will pass on this one.
