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Strategies & Market Trends : Technical Analysis With Charts

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From: MACD X12/21/2005 7:05:34 PM
   of 6865
 
WHAT JACK CHAN IS SEEING

stockcharts.com[g,a]dacayyay[d19951221,20051221][pf][vc60][iub14!la12,26,9][J60146586,Y]&listNum=24

This is a chart of the breakout model shown on Jack Chans site that caused the market alert today on his site.

I have added the elliott wave count and if my count is correct we have finished wave two and are now starting wave three of the grand supercycle.

Elliott wave rules state that wave threes are never the shortest and usually the longest. So we could start picking up steam starting about here.

Also the entire pattern is a cup and handle pattern.

stockcharts.com
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