AI
Sunday, December 14, 2003 1:56:32 PM
Charts: IACI (for Ranch)
Very LT channel still intact. IACI could drop to the mid 20's without breaking it. Big volume between the current level and mid 20's -- see price by volume on left side of chart -- should be supportive.
Weekly indicators are mixed. Sto, PPO, and ADX DI+, (buy strength), are probably deep enough for a turn, but they have been deeper at significant turns in the past. This week's candle is a nice hammer -- a pretty good bottom indicator in general.
Daily Indicator Chart:
Daily Chart Showing Falling Wedgie
Very LT channel still intact. IACI could drop to the mid 20's without breaking it. Big volume between the current level and mid 20's -- see price by volume on left side of chart -- should be supportive.
Weekly indicators are mixed. Sto, PPO, and ADX DI+, (buy strength), are probably deep enough for a turn, but they have been deeper at significant turns in the past. This week's candle is a nice hammer -- a pretty good bottom indicator in general.
Daily Indicator Chart:
Daily Chart Showing Falling Wedgie
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