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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Win-Lose-Draw who wrote (126935)	12/12/2005 12:26:40 AM
From: Galirayo	Read Replies (1) \| Respond to of 209892

[WTIC] WiLD .. You're correct there is a ton of crude in the ground. We just need to Store it somewhere. I think they said the Reserves and Storage areas are ... so close to full that you can call them Full. Some of the problem in the Sands area is the Pipeline needs built out. A lot of holes have already been poked there. I'm not sure how you'd count these Waves .. but for some reason .. even though it's sitting on a Lot of Support .. I'm looking at this as a genuine Top. The MACD on the Weekly Stretched out back to a very high range and ... a Double Top in the MACD like this may be a early warning of a breakdown. The Green Up Aroon agrees. Weekly. stockcharts.com The curling up of the fast lines in STO and MACD along with the Bar movement and SAR ticking over while sitting on support make me wonder ... if it continues up a little more or a lot more. How High does it have to go up from here to get a solid 2 count ? I think we'll need that to break thru support. Or should I be counting a 4 Up and a 5 Down if it breaks? Anyone?