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Strategies & Market Trends : Classic TA Workplace

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To: Moominoid who wrote (135738)	8/16/2006 3:27:02 PM
From: Galirayo	Read Replies (1) of 209892

>>Not sure what you mean. On NEM I was looking for C of E of that triangle and seems like it is underway, but not quite complete? Maybe needs to get to $48?<< Hey ! .. I'm not sure either. lol I'm kind of a Triangle / Pennant freak .. so I thought I'd try to apply Waves to stocks with those. I'm just not sure how to word my meanings so I can be easily understood. You may be correct it didn't have success with the test of the 144 or the test of the 50. The MAs are pushing from the top. It needs to conquer the 13wema which is fairly close to the 144. It's holding Horizontal @ that old E&M Kosher Dec 05 Gap. stockcharts.com On the SPX not sure .. but that Inverted Hammer was confirmed with [so far] 2 White Soldiers. Might be a Dark Cloud Cover after the 3rd one. ... Just a guess. That would mean a Friday Profit taking with money coming off the Side lines for fear of a missed rally ??? stockcharts.com

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