Thursday, June 10, 2004 10:14:12 PM
YHOO link & Jobless claims
Let's try the YHOO link again.
http://finance.yahoo.com/q/bc?s=YHOO&t=5d
The jobless claims climbed higher than the last two weeks of dropping combined. There is still no confirmation the initial Jobless Claim number has bottomed. The chart shows today's number is right against the upper channel resistance formed by the tops over the last year. In all likelihood, this trend line will be broken before a clear Elliott wave appears over the next several months.
[chart]bullandbearwise.com/InitialJoblessChart.asp[chart]
http://www.bullandbearwise.com/InitialJoblessChart.asp
Still learning how to use the charting features on this site. It's a great idea.
Let's try the YHOO link again.
http://finance.yahoo.com/q/bc?s=YHOO&t=5d
The jobless claims climbed higher than the last two weeks of dropping combined. There is still no confirmation the initial Jobless Claim number has bottomed. The chart shows today's number is right against the upper channel resistance formed by the tops over the last year. In all likelihood, this trend line will be broken before a clear Elliott wave appears over the next several months.
[chart]bullandbearwise.com/InitialJoblessChart.asp[chart]
http://www.bullandbearwise.com/InitialJoblessChart.asp
Still learning how to use the charting features on this site. It's a great idea.
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