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To: skinowski who wrote (125936)11/9/2005 9:59:29 PM
From: Shack  Respond to of 209892
 
That's a pretty nice near-term set-up on OIH ski. Counter-trend, but stop is very clear. I can see the same patterns in the stocks too, like BHI, SLB, and HAL could easily close the gap at $49, a little H&S-like too.



To: skinowski who wrote (125936)11/9/2005 10:06:06 PM
From: Galirayo  Read Replies (1) | Respond to of 209892
 
[OSX] I was actually looking for a shoulder here ...

But you have my attention .. I must say.

Support on the 50dma.

stockcharts.com

OIH is about the same ..

Wait something is wrong ... did Shack just post an OT FA .. thing ??



To: skinowski who wrote (125936)11/10/2005 7:54:21 AM
From: skinowski  Read Replies (3) | Respond to of 209892
 
More on OIH -- If (IF) that "C" materializes, 105 level looks like a possible "attractor". At that level C=A... 50% of the rally since May would be retraced... the 200 dma is heading up there.... and the regression channel from the low in Nov 2003 and up to the top last September will cross 105 in a few weeks - maybe by early December.

Under 105, the next Fibo (and S/R) cluster is near 100.

Again, it's all in the realm of "Ifs"..... but then, what isn't in this game?... -g