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Non-Tech : The Woodshed

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To: nspolar who wrote (18573)12/19/2004 5:30:47 PM
From: alburk  Read Replies (2) of 60925
 
Hi nspolar

Was just going over the charts today. HUI count is interesting, it's do or die time. A violation of the 'i' high, 203.45, means we are no longer moving up impulsively and that there may be a brother down of the move off the recent highs--at least.

A little scary for the juniors, though an argument could be made that they've already been hit, substantially.

A violation of the 'i' though and we have to seriously look at "Shacklike" targets--171.91 and 163.81 supports, and the infamous 50% fibo 146.96 corresponding to the 140's target area. That's scary. All this purely from a TA and EW perspective, and subject to change of course.

Fundamentally, it's hard to imagine.

Andy
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