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Non-Tech : ENR trading on AMEX. ( Envirotest) -- Ignore unavailable to you. Want to Upgrade?


To: Batgirl who wrote (25)7/20/1998 12:27:00 AM
From: High Grader  Read Replies (1) | Respond to of 62
 
Sorry about the link it should have been elkvalley.net

As for the lines and dates, look at the chart, two channel trend lines intersect around the 24.5 level above the date of July 21. This becomes an area where there may be a top , perhaps the top of the wave 3 that ENR is now in, or the end of the green wave 5.

Fibonacci levels and intersections are places where something usually happens, but these don't always happen at the ones we are looking at. In this case a small correction may occur (wave 3 top and turn down) as the stock has been moving strongly for a while, Also with the date falling after a weekend, the timing can be out by a day or two.

So just an area to watch with caution, but aren't they all? Good luck.