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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Sergio H who wrote (13370)11/17/2005 8:19:36 PM
From: bruce-l  Read Replies (1) of 23958
 
Sergio:
The old round table discussion eh. First off all I've got too many line drawn on my chart, trying to sort them out. I may be going against the general consensus so far though.

It's coming off a nice double bottom and now a recent uptrend acceleration. You said 8.50, I'll raise you to 8.72. If it breaks that then we could see it go to the upper channel trendline of about 11.25. I also have a DTL at about 11.58 that will meet that upper channel in a about a month, so if it would get that high those two should stop it.

OK, just a sec here, The last upswing was about 2 month and the one before was about 4 months. It looks like I am talking a little longer term here than you guys are. If it does keep going it will be interesting to see what is in control at this point, the upper channel or that DTL. JMHO
bruce
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