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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (121911)7/12/2005 12:30:07 PM
From: ajtj99  Read Replies (1) of 209892
 
I put in a sell order last night that should get tagged at 36.45 or so.

What made you bail? There's a rising support line that price is flagging out to right now. At 12:30 that line will be at about $36.

There is a mini H&S that targets $35.75 or so, and there are some negative divergences on the intra day charts.

stockcharts.com[e,a]eaclyiay[pc9!c13!c20!d20,2!c50!b50!c200!b200!f][vc60][iLa12,26,9!Lh5,5!Li10,10!Lp14,3,3!Ll14!Lo14!Lb14!Le5,10,1!Lh89,34!Lh45,17!Li180,68!Lp3,2,2][J54590447,Y]&pref=G

Oh, if that mini H&S does hit the target, there's another mini H&S that would target $35. That would likely be a wave 4 low. Maybe that's why you're out. Hmmm.
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