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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: lexi2004 who wrote (55974)	7/29/2006 3:22:54 PM
From: Newly2b	Respond to of 59879

Here is what I posted on the COMP on Friday 7/21 in the context of a discussion on drawing trendlines: investorshub.com And again a post on the COMP from last Sunday, 7/23, as the discussion progressed: investorshub.com Here is the Morning Star that completed Monday 7/24 on the Daily: and the Morning Star that completed Friday on the Weekly: The Morning Star on both these timeframes indicates to me that the rise will continue for the immediate future. While Nison does not link candle patterns to price targets, when combined with other factors on the chart, I conclude the rise will continue to at least 2150, possibly 2200. However, here is a longer-term chart showing a breakdown from a Rising Wedge starting in 2002, which does not bode well for the COMP over the longer term: The expanded Monthly chart has a larger symmetrical triangle with the lower rising trendline from 1976 currently around 1500, and a second trendline from 1990 (adjusted for the steeper slope) currently around 1700. Newly