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techcharter

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techcharter

Re: None

Wednesday, 10/06/2004 8:46:18 AM

Wednesday, October 06, 2004 8:46:18 AM

Post# of 51848
UTX about to roll over

The elliott wave count from May '04 for Unitied Technologies looks like an ending diagonal. Wave e of the diagonal is nearly done or finished Monday this week. The ending diagonal so far looks like it will be a truncated 5th wave. Both these pattern make UTX an attractive short with strong near term profits.

MACD has been rolling over as the price inches higher. This is typical at turning points where momentum fades before the pricce.

Bollinger bands are close and could blossom and day.

http://stockcharts.com/def/servlet/SC.web?c=UTX,uu[w,a]dacayyay[dd][pb50!d20,2][vc60][iLp14,3,3!La12...
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