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To: Shack who wrote (63742)1/15/2003 10:50:10 AM
From: jjstingray  Respond to of 209892
 
Shack, your chart fits nicely with the VXN wedge. Lets see if this is for real or just options expiration bs.

stockcharts.com[w,a]dhclyyay[dc][pf][vc60][ilb14!la12,26,9!lg!lp14,3,3!lk14!lah12,26,9!ll14][J9415077,Y]&pref=G



To: Shack who wrote (63742)1/15/2003 11:09:06 AM
From: Moominoid  Read Replies (1) | Respond to of 209892
 
Yes, of course :)



To: Shack who wrote (63742)1/15/2003 11:20:14 AM
From: rgjack  Respond to of 209892
 
Raptor thinks so:

>>Daily chart shows last E wave of a 5 wave terminal wedge in process which should fail. Overbought. Weak MACD on the rise. Falling ADX correlates to the entire wedge as corrective.

For Wednesday, no action. A reversal is imminent. A move below 56 1/2 could reverse the trend with a move below 54 1/4 confirming the trend change for a move to at least back to the lower wedge line in the daily chart. A break below that level is projected to lead the stock back to the lows.

Potential range for 2003: High 57-58, low 40.<<