ajtj99's Market Pulse

[plexxus]

>>>Plexxus, why don't you include the main falling resistance line off the highs on that NAAD chart? A falling wedge break may turn back off that line initially.>>>

AJ the key highlight of that chart is the bullish divergence in place under those two price lows which imo makes the wedge bullish. When you connect those lows and the corresponding highs in place you get a bullish wedge. And sure enough its broken out to the upside. I suspect you'll see the NAAD improve quite significantly now that we've broken into our open channel.

http://stockcharts.com/def/servlet/SC.web?c=$naad,uu[w,a]deulyiay[d20021002,20060402][pi][vc60][ila1...