InvestorsHub Logo
Followers 71
Posts 1705
Boards Moderated 0
Alias Born 11/26/2002

Re: Hacktheripper post# 286604

Thursday, 08/19/2004 8:40:15 PM

Thursday, August 19, 2004 8:40:15 PM

Post# of 704019
Hack its a good draw....i do a lot of technical work myself and it could still hold....a couple of other points to consider are that volume in the right shoulder should be lighter than that in the left. In this case it is not. Much of course will depend on the market. I think 1830 is a critical level as in an ongoing downtrend a failure there such as we saw today would be a normal natural point for a reversal to significantly lower levels. Should the market take out that 1830 area I think many issues such as RIMM and ZBRA etc would end up taking out their recent shoulder peaks.

As always time will tell the tale....enjoy your chartwork.

Rob
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.