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Post# of 51804
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techcharter

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techcharter

Re: None

Wednesday, 02/23/2005 8:00:38 PM

Wednesday, February 23, 2005 8:00:38 PM

Post# of 51804
FRE ready for a little bounce.

Daily Stochastic is over sold again. BBands are still opening and the price is about to pullup from the lower band. There is a lower trendline from the January highs. When constructing the upper channel line, you can see how limited the move the next couple of days will be. Elliott wave count shows a 1 of 3 complete. $62.50 would be a good point to start taking short positions.

Next week should be a strong move down since it will be a wave 3 of 3. Happy trading.

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