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Politics : High Tolerance Plasticity

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To: chowder who wrote (12896)3/19/2002 11:22:46 AM
From: herry iball  Read Replies (2) of 23153
 
DB......regarding DFXI, another thing I noticed is that the daily is in an ascending wedge on the daily, and today's gap up was above that upper wedge line, but is not holding and is dropping into the wedge.

Normally these wedges break to the downside.
Yesterday's high volume could have been a blowoff top, so I'll be watching this one to short if it breaks that lower wedge line.

ADX is also rather weak at 23 for a runup of this size and length. Whattaya think?

H
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