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Strategies & Market Trends : Chart Formations -- Ignore unavailable to you. Want to Upgrade?

To: Casaubon who wrote (925)	10/10/2006 4:21:52 PM
From: sean sanders	Respond to of 967

KO - daily with a weekly pasted on the bottom I came across this chart and it looks like it has alot going on ... 1. You can see the h&s top there on the daily with real strong volume today. 2. We also have alot of trendlines to contend with ... we have a Major trendline near the head and right shoulder area (top) that has been there on the weekly chart. 3. We have a channel trendline that has been forming over the past 6 months (the volume and dates on the bottom of the chart are for the daily chart (not the weekly). 4. and we also have the neckline that has been forming over the past month Inital target is the 42.5 level but it could also go down to the lower monthly trendline ie the 40.75 level~ so it's not a automatic BUYstop at the 42.5 level. img121.imageshack.us