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Strategies & Market Trends : Classic TA Workplace

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To: Handshake™ who wrote (134038)	7/1/2006 10:41:52 PM
From: skinowski	Read Replies (2) of 209892

PPG - It looks like the decline from the 2005 top into the October low was a corrective zigzag. At the Oct - Feb lows the 200 week MA held, and the stock rallied. It is entirely possible that at the recent June lows the stock completed Wave 4 of a rally which started last October. Last Friday's breakout above the recent range - and above the 50 dma - are bullish. If I were long this stock, I'd start feeling a little nervous if it closes under 65 (below the 50 dma and back into the range). Line in the sand should be not far below 63 - imho. stockcharts.com

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