hi ross (TXN)
sorry for the confusion.. i was saying "not too accurate" in that, txn broke 200 day ema @ 54.. i wasn't expecting that to happen.
however, there is one more show - stopper. it is the 50 day ema that was almost at TXN's high today. that could be a good resistance..
HOWEVER, it looks if one uses the 200 *simple* moving average, TXN DID NOT CROSS ABOVE it (lisa, you hear that?)
so ross, you brought up an interesting point..
As for GET, ellipse (short term turned on since 10/70 is abv strength band, we are supposedly on a short trade), the current wave 4 leg will end soon. for others out there, we are on a wave 4 decline according to GET.
does the PTI = 58, mean new lows will be obtained?
<< On 15 minute bars there
is clearly a 5 wave move up with oscillators diverging.. >>
which means it's on a last gasp uptrend?
thanks for your thoughts.. any errors i've made, please do let me know. I'm a newbie at elliot wave, but im trying <g> |
