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

To: the-phoenix who wrote (129855)	2/22/2006 7:41:27 PM
From: Shack	Respond to of 209892

No clue what that is Phoenix, checked my ticker and I'm not following a single stock in that price area right now. I will say that while it might be a wedge, its awfully steep-looking to me. I would be leary to play that one, I like my wedges to have a much flatter look that that (like the SOX move off the Jan high into today's low). Your chart doesn't go back far enough but I would also like see what your abc is correcting, if the stock is in a major uptrend I would give the trend the benfit of the doubt.