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To: scaram(o)uche who wrote (8650)6/2/2000 12:07:00 PM
From: Galirayo  Read Replies (1) | Respond to of 9262
 
[ Rectangle ] Rick,

On 4/24 ALKS showed a Hammer or a Bottom. Look at it with Candles Lit. Lay a piece of paper from th Lowest Point on 4/24 to the next lowest candle line on on 5/10. That's the Bottom line of the formation.

On 5/01 lay a piece of paper on the high to the next High on 5/16. That's the Top Line.

The 2 lines show a Rectangle. The High Today is Thru that line on the Top.

Hence it's Broken it's rectangle.

It's also showing a Ascending Triangle during the same time frame if the 2nd candle BODY on both the Top and Bottom Lines are used as an indicator instead of the Highs and Lows for the Line. So either way you Slice it.

I'll 'Guess' it's gonna Rock to the UP Side.

Cheers!

Ray

Message 13766603