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Strategies & Market Trends : Galapagos Islands

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To: Jorj X Mckie who wrote (14158)11/23/2002 5:19:40 PM
From: Jeffrey S. Lillie  Read Replies (2) of 57110
 
Hi Jorj,
let me say this first. I dont know squat about PNF charting, but here are my observations form the one that reinforces the 1650 target. Only every other rally hits the upper trend line from below. The first, third and possibly fifth(current rally) did not hit. the second and fourth did. The first and third stopped 4 and 3 boxes below the line. we are currently 4 boxes below. I can see us getting to 1500 pretty easily that would make it 3 boxes below. My absolute high end of my range is 1520 which is well below the next box at 1550.
Interested in your comments about a non pNF guys take on the chart.
jeff

stockcharts.com
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