Monday, April 13, 2009
Light blue rising wedge or the black channel both running into the blue channel with overbought indicators should turn this puppy. Down a little AH after early earnings release. Purple dashed line is the wedge target. I'm looking at a pullback to 100 or 95 double fib area. MACD and RSI wedges should be ending. I expect RSI to pull back to lower trendline near 50 for this bottom and for MACD to get near lower trendline as well.