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TraderXx

11/18/02 11:19 PM

#9938 RE: Sam "Raven" #9937

Thought you guys might take a look at the $TXN.X 60 minute chart (as well as the daily chart). Along with the $VXN and $VIX charts, it can be quite helpful to use this as a guide to things to come intraday as well as for the coming days.

Notice the break of support on the 60 min today (yellow line). We could get some follow through to maybe support around the 38.50 area. Notice also the MACD crossed over as well today. The one thing though is that RSI is into oversold territory, but as you can see, could fall further (to support around the bottom purple line).



Anyway..thought you might find that of some interest here.

Good Luck!

TraderXx