Have to make sure this isn't a three wave correction.
Target may be the 494 area...below that..and I think it's toast.
http://stockcharts.com/c-sc/sc?s=$UTIL&p=D&yr=2&mn=6&dy=0&i=p82750645737&a=88068608&r=9262.png
UTIL
Started by
eminimee
, Jun 06 2007 11:16 AM
1 reply to this topic
#1
Posted 06 June 2007 - 11:16 AM
#2
Posted 06 June 2007 - 02:36 PM
The downside objective is around the 475 level, and then one more higher price high should do it.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions