Shanky's Technical Analysis and Market Commentary: I'm going with the falling wedge

Tuesday, March 31, 2009

I'm going with the falling wedge

I'm going with the falling wedge for the complete A move of 2.1.2. Then B up and then C to the 750 or (hopefully) the 731 area. This could turn into a falling channel with the top of this intermediate run up if it extends and gets the gap fill.

2 comments:

SchweizerApril 1, 2009 at 4:28 AM
Wedge? Try a channel buddy. You need a channel line under the March 30 action -- why do you think it slide down it like it did man!

P2 is messing wit yo head!
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PokerdenApril 1, 2009 at 8:03 AM
hmm...a channel will fit sort of fit...but I hate down channels like that since they are more likely to have an upside break out in the near future.
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