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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Skywatcher who wrote (16134)	4/22/2002 3:04:25 AM
From: milesofstyles	Respond to of 26752

ok, here's what i got... draw 3-6...4-8 as the low end of this channel, draw 2-27...3-15 as the high end, i've added the fibs and the retrace of the last downleg is right here at .50pct, value 6.94, draw a horizontal across the dec 4 low. a positive thats its moved up thru there, 6.81. put up an rsi5 and connect the last 2 highs, you'll see that it is also at resistance. however, the 3rsi remains supportive still and has already broke its downtrend and the 14 looks decent, now piercing one of its recent highs. if this short term technical profile remains supportive, the next couple of days, and the stock penetrates the upper channel and .50 fib, then consider to move yer stop up to at least the horizontal level or higher, if not just below the upper channel. i put it on stockwerx5 if you'd like to see. i don't know your trading timeframes or entry, etc. but this is what i see in the near term profile. mid to longer range watch for an adx turn and improvement to the macd profiles milesov