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$NYA might coil for 25 more trading days


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#1 spielchekr

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Posted 22 January 2007 - 06:21 PM

Another possibility. Symmetrical triagle consisting of descending channel top and anscending channel bottom. I'm keeping the top line in place... it was bent but not broken.

FYI: All channel lines are parallel and equidistant. Today's tangent line is at 9026.68. Add 2.10136 point per trading day.

http://stockcharts.com/c-sc/sc?s=$NYA&p=D&yr=0&mn=8&dy=21&i=p34474449124&a=95622208&r=4424.png

#2 spielchekr

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Posted 23 January 2007 - 02:25 PM

Eh, nope, how silly. Time to squeeze out max profit, not accumulate. Gunning for the top. Double top? 3 drives? Imagine touching the overlap of the old channel median line and this rally's 161.8% retrace tomorrow. Gzzzzt! That's why we'll detour around that. We've peaked at least until Thursday.

Another possibility. Symmetrical triagle consisting of descending channel top and anscending channel bottom. I'm keeping the top line in place... it was bent but not broken.

FYI: All channel lines are parallel and equidistant. Today's tangent line is at 9026.68. Add 2.10136 point per trading day.

http://stockcharts.com/c-sc/sc?s=$NYA&p=D&yr=0&mn=8&dy=21&i=p34474449124&a=95622208&r=4424.png



#3 wallyw

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Posted 23 January 2007 - 03:36 PM

Another possibility. Symmetrical triagle consisting of descending channel top and anscending channel bottom. I'm keeping the top line in place... it was bent but not broken.

FYI: All channel lines are parallel and equidistant. Today's tangent line is at 9026.68. Add 2.10136 point per trading day.

http://stockcharts.com/c-sc/sc?s=$NYA&p=D&yr=0&mn=8&dy=21&i=p34474449124&a=95622208&r=4424.png


agree with the idea but the lines on the chart aren't right. wave a probably completed yesterday.

#4 spielchekr

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Posted 23 January 2007 - 06:18 PM

They're probably still not right, but at least you get to watch me screw up with a live chart. :lol: