Saturday, June 05, 2010 10:34:21 AM
Ok I have two theories now into this chart that many of you may or may not be aware of. Elliot Wave Theory and Measured Move Theory. I never applied elliot into my prior chart and perhaps it was a mistake as it would have suggested another move down. I don't use it often but if applied correctly it can be very effective. ALso notice that this stock moves in channels where support and resistance are parallel.
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