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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: AllansAlias who wrote (67836)2/15/2001 1:52:42 AM
From: Shack  Read Replies (1) of 436258
 
Thanks for the memory. <g> I agree, I'm surprised GE hasn't made a move one way or another. Its knocked on $48 about 5 times since it broke down which is roughly the lower boundary of your green falling wedge. You said it would be a good fight and you have once again proven astute Chartboy <g>.

I think that "triangle" is pretty important since its slope is essentially that 1994 TL. It has been crawling along that line since your chart. Last week's stick was red with a long upper shadow and this week's looks like it may be similar. It sure looks like it wants to go down but the repercussions are huge for the bulls and they have been defending it thus far.
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