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augieboo

12/14/03 1:56 PM

#11344 RE: ranch hand #11247

Charts: IACI (for Ranch)


Very LT channel still intact. IACI could drop to the mid 20's without breaking it. Big volume between the current level and mid 20's -- see price by volume on left side of chart -- should be supportive.



Weekly indicators are mixed. Sto, PPO, and ADX DI+, (buy strength), are probably deep enough for a turn, but they have been deeper at significant turns in the past. This week's candle is a nice hammer -- a pretty good bottom indicator in general.



Daily Indicator Chart:


Daily Chart Showing Falling Wedgie