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To: Henry J Costanzo who wrote (134597)7/20/2006 10:32:46 PM
From: Moominoid  Read Replies (2) | Respond to of 209892
 
Based on these indicators:

stockcharts.com

Shack's proposal sounds very reasonable and 338 is the lower 34 day BB.



To: Henry J Costanzo who wrote (134597)7/21/2006 12:41:27 AM
From: Shack  Respond to of 209892
 
I hear ya' mc. Its not a slam dunk for me, but....

I don't think it will prove to be a bullish triangle, its a call based on the look of the down waves (which look more like impulses to me) versus the up waves which most definitely look corrective.

I think any bounce will be sold.