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Strategies & Market Trends : Charts on Near Term Uotrends -- Ignore unavailable to you. Want to Upgrade?


To: Jibacoa who wrote (729)7/2/2004 1:27:32 PM
From: Sergio H  Read Replies (1) | Respond to of 1404
 
EMC

Bernard, I'm curious on your current read, ignoring the sector news, and the fundamentals. Just looking at the chart.

EMC just finished the right shoulder of an H & S pattern. The height of the shoulder topped the short term downtrend, with the head being right on the downtrend going back to last Sept. There's reason to believe that the stock has an explosive move coming up due to the triangulation patten and the convergence of MAs.