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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (136972)10/2/2006 9:10:06 AM
From: Galirayo  Read Replies (1) of 209892
 
[RIMM] MC .. I have the High Oct 23 2000 at 132.69 ..

May 24 2004 120.93. The formation between those 2 dates looks like a Cup or Saucer Bottom.

The Square of 9 .. The Grey Lines represent the different Lines of the Gann Fan. The Grey Cross Lines [vertical and horizontal] represent Support and Resistance moreso than the others.

It needs to conquer 103.94 to establish support there. Then it should Track on one of the other Fan Lines [diagonals] preferrably the 1x1. Each Quarter of the Square represent a different line .. the 1x1 or 45* line is in the Upper Right Quadrant.

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