$NYA might coil for 25 more trading days
#1
Posted 22 January 2007 - 06:21 PM
FYI: All channel lines are parallel and equidistant. Today's tangent line is at 9026.68. Add 2.10136 point per trading day.
http://stockcharts.com/c-sc/sc?s=$NYA&p=D&yr=0&mn=8&dy=21&i=p34474449124&a=95622208&r=4424.png
#2
Posted 23 January 2007 - 02:25 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=$NYA&p=D&yr=0&mn=8&dy=21&i=p34474449124&a=95622208&r=4424.png
#3
Posted 23 January 2007 - 03:36 PM
Another possibility. Symmetrical triagle consisting of descending channel top and anscending channel bottom. I'm keeping the top line in place... it was bent but not broken.
FYI: All channel lines are parallel and equidistant. Today's tangent line is at 9026.68. Add 2.10136 point per trading day.
http://stockcharts.com/c-sc/sc?s=$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
Posted 23 January 2007 - 06:18 PM