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Not often can one find such symmetrical trendlines


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#1 spielchekr

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Posted 10 January 2007 - 06:06 PM

Precision channel formations, based around major fib lines to boot. Mr. Market wants
to make himself look very obvious here.



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Edited by spielchekr, 10 January 2007 - 06:07 PM.


#2 spielchekr

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Posted 10 January 2007 - 06:24 PM

(oops, forgot to label the fib lines)



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#3 spielchekr

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Posted 11 January 2007 - 06:12 PM

Should be a live chart now if I uploaded correctly. Added the long-term resistance diagonal from 2002. The parallel/horizontal gray lines to the far right represent the current trading range, currently equidistant from the 161.8% retracement lines.

http://stockcharts.com/c-sc/sc?s=$NYA&p=D&st=2006-05-01&i=p00896854952&a=94317491&r=2185.png

Edited by spielchekr, 11 January 2007 - 06:13 PM.


#4 spielchekr

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Posted 12 January 2007 - 07:09 AM

Another broadening wedge I'm watching, from Marc Flavin at StockCharts public list:
http://stockcharts.com/c-sc/sc?s=$NDX&p=60&yr=0&mn=6&dy=0&i=p27779341803&a=94181453&r=472.png

#5 spielchekr

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Posted 12 January 2007 - 03:21 PM

Still say (per previous thread) we hit that 3rd rail (9234.9) by Monday.

Should be a live chart now if I uploaded correctly. Added the long-term resistance diagonal from 2002. The parallel/horizontal gray lines to the far right represent the current trading range, currently equidistant from the 161.8% retracement lines.

http://stockcharts.com/c-sc/sc?s=$NYA&p=D&st=2006-05-01&i=p00896854952&a=94317491&r=2185.png