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Re: chartist1 post# 38894

Thursday, 10/06/2005 9:09:27 AM

Thursday, October 06, 2005 9:09:27 AM

Post# of 326352
I don't think so, that bottom trend line isn't drawn off the bottom of the wick... another way to look at it is we're going back to the upper trend line of the break out of the daily (on 9/19)... which would take us down to .38, in between the 50dma and the 200dma... all IMO, not professing to be the be all and end all of charting, just offering that there are multiple ways to look at the chart... and I personally would draw that bottom trend line from the bottom of the wick... if I was looking for a pattern...