Replies to post #1439 on Ask Vendit Off Topic Questions

[Vendit]

Ill get you the upper resistance progressions within a couple of hours. I have a meeting with HG in just a minute to go over some TA questions. That should last about an hour and then Ill fire up my java for you.

Reid

[Vendit]

Re: BRCM upper resistance progression.

I went ahead and uploaded the charts just so you will have a visual reference.

As you can see (you pointed it out) BRCM is now in a long-term lower support-upper resistance channel.

http://www.angelfire.com/geek/VenditsCharts/BRCM_S_50.gif

Short-term lower support is $60. Long-term lower support line is at $50 ½. The first upper resistance (upper channel line) is $72 3/16.

You can see first upper resistance better in the next chart as the lowest visible line. ($72 3/16)

http://www.angelfire.com/geek/VenditsCharts/BRDC_R_72.gif

Above that line next resistance is $82 7/8 and then again at the upper line in the above chart at $92 1/8.

Lower support:

$60

$50 ½

Upper resistance as follows:

$72 3/16

$82 7/8

$92 1/8

As we discussed earlier this chart is showing some very early bottom indications.

http://www.askresearch.com/cgi-bin/chart?symbol=brcm&exchange=USA&size=640x480&months=3+...

As always JMHO.


Reid