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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Doug R who wrote (41571)10/24/2002 5:59:16 AM
From: Danfan  Read Replies (1) of 79243
 
Doug:
Two interesting things:
Yesterday's close on the COMPX is an exact (to the number) 1.618 retrace of the Elliot Wave "last leg down" (high of Sept26 to low of Oct10).
Also, line drawn from low of July24 through low of Sept05 ends exactly on high of Oct21. A line drawn from low of Aug05 through the low of Sept05 ends exactly on yesteray's close. Volume is decreasing as well.
Sound like a top?
Hal.
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