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To: pater tenebrarum who wrote (61396)1/24/2001 8:37:53 PM
From: UnBelievable  Read Replies (1) | Respond to of 436258
 
$COMPX Fell Out Of Its Rising Wedge On Monday Morning

It then rallied up under the wedge before attempting to re-enter it from the bottom this morning. Today's third 39 minute candle was pretty much in the wedge. Acknowledgement of the wedge TL could be seen by the 4 black candles it put in after it fell below the trend line again, this took it from 2892 (the high for the day) to 2828 (the low).

The two white and final black candle took us to 2859. Tomorrow morning the bottom TL of the wedge measures 2920. 2920 is also the bottom of the gap that was made between the Friday after Thanksgiving and the next Monday.

Tommorow could be another Doji day like today. If it is at the same level as today it would be well below the wedge and could indicate a breakdown. If the candle is higher than today (tomorrow's low not being much below today's high)it would re-establish the index within the wedge. The top trend line of the wedge measures to 3000 tomorrow.