Red diagonal sandwiching the blue dominant channel centerline. 20ma was in unison with that centerline, now it's adopted the bottom diagonal boundary. Vanishing point probably at the 200% retrace (9595). Interesting formation: could be null and void before 10AM tomorrow, or could "di-agonize" the market until opex week. I think 9172 will become established as a major S/R level in these uncharted waters.
http://stockcharts.com/c-sc/sc?s=$NYA&p=D&yr=0&mn=10&dy=0&i=p71646080466&a=95622208&r=9283.png
An apex for opex ($NYA)
Started by
spielchekr
, Feb 25 2007 09:08 PM
1 reply to this topic
#2
spielchekr
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- Traders-Talk User
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Posted 26 February 2007 - 12:20 PM
Zoomed view. Scotty, I need more power.
http://stockcharts.com/c-sc/sc?s=$NYA&p=D&yr=0&mn=2&dy=0&i=p91826677793&a=95622208&r=1126.png
http://stockcharts.com/c-sc/sc?s=$NYA&p=D&yr=0&mn=2&dy=0&i=p91826677793&a=95622208&r=1126.png
