Hi John:
I guess from the 20 pt chart if we can put in a bottom @ 1500 it would make a nice double bottom and successful retest.
So is it still a sucessful retest if we break the Sept lows?
stockcharts.com
,160.00 | + | | | 2,160.00 2,140.00 | + | | | 2,140.00 2,120.00 | + | | | 2,120.00 2,100.00 | + | + | | 2,100.00 2,080.00 | + | X + | | 2,080.00 2,060.00 | + X | X O + | | 2,060.00 2,040.00 | + X O | X O + | | 2,040.00 2,020.00 | X O | X O + | | 2,020.00 2,000.00 | X O X X| X O + | | 2,000.00 1,980.00 | X O X O X|O X O + | | 1,980.00 1,960.00 | X C O X O X|O X O + + | | 1,960.00 1,940.00 | X O X O O X|1 O X 2 X + | | 1,940.00 1,920.00 | X X O X O | O X O X O X O + | | 1,920.00 1,900.00 | X O X O | O X O X O X O + | | 1,900.00 1,880.00 | X X O X | O O X O X O + | | 1,880.00 1,860.00 | X O X O | + O O X X O + | | 1,860.00 1,840.00 | X O X | + O X O X O + | | 1,840.00 1,820.00 | X O X | + O X O X O X + | | 1,820.00 1,800.00 | X O |+ O X O 3 O X O | | 1,800.00 1,780.00 | X X +| O O X 4 X O | | 1,780.00 1,760.00 | X O X + | O X O X O |High| 1,760.00 1,740.00 | X X O B + | O X O O X | | 1,740.00 1,720.00 | X O X O X + | O X O X O | | 1,720.00 1,700.00 | X O X O X + | O O X O | | 1,700.00 1,680.00 | X O X O X + | O X X O | | 1,680.00 1,660.00 | X O X O + | O X O X O | | 1,660.00 1,640.00 | X X O + | O X O X O |Avg | 1,640.00 1,620.00 | X O X X + | 5 X O X O | | 1,620.00 1,600.00 | X O X O X + | O X O O | | 1,600.00 1,580.00 | X O X O X + | O 6 | | 1,580.00 1,560.00 | X O O + | O | | 1,560.00< 1,540.00 | X + | |Low | 1,540.00 1,520.00 | X + | | | 1,520.00 1,500.00 | A + | | | 1,500.00 1,480.00 | X + | | | 1,480.00 1,460.00 | X + | | | 1,460.00 1,440.00 | X + | | | 1,440.00 |