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Strategies & Market Trends : Chart Formations
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To: mark bailey who wrote (80)6/29/1998 8:52:00 PM
From: sean sanders  Read Replies (1) of 967
 
Mark,

Well after taking a look at EFII, I noticed these things :

Perhaps a sym. triangle started to form since 5/26. Also noted is an ascending triangle being formed in the RSI indicator.
Also noted EFII seems to be consolidating as noted by the smaller and smaller girations of some of my indicators. EFII has been bouncing and making close support and resistance lines also ... ie a bounce of a recent support on 5/26 at ~18.75

So basically what I see is perhaps a reversal in trend is approaching and EFII seems to be consolidating.

hope this helps

Sean Sanders
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