Ask DrBob Message Board - Msg: 14496873

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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject	10/2/2000 4:52:25 PM
From: TraderMERL	Read Replies (1) of 100058

DrBob or Flack: TA question on GEMS GEMS had a trading channel between 15 and 7 3/4 but this channel has gotten tighter with support around 9 5/8 and resistance at around 11 1/2. The Bollingers are getting quite compressed suggesting a major move coming and u can also draw a symmetrical triangle on the chart. Is the prognosis of a major move correct?

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