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To: NOW who wrote (100211)6/29/2004 6:59:31 PM
From: Shack  Read Replies (1) | Respond to of 209892
 
You mean my thinking on a technical level right? My FA bias does not have this happening.

There's not much to say really. The pattern on the monthly chart off the 1998 low is a very clear overlapping wedge which is as we speak (although not yet plotted on the chart) heading down fast. If it breaks down then the rules of TA say it should go back to where it started or lower. That means about $20.

Here's another picture:

sharelynx.com

Some other pattern may be in play there of course, but that's the most obvious read.