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I don't notice any Konfluence, I could be wrong. I didn't consider a stretch
play either. I am thinking since the market has had a negative tone lately
and EMLX is in a downtrend on a daily, Weekly is in a downtrend, that this
would be a short candidate. The only hesitation I have is the first 3/8
level of support. How strong is it, should it be traded against etc.. I'm
also concerned whether I have my A B C's in the correct places. If so then
we have agreetment at the 5/8s.
This one has me somewhat perplexed ( I know not so difficult), everyones
thoughts are appreciated.
Thanks,
Ron
-----Original Message-----
From: Neal Hughes [mailto:neal@xxxxxxxxxxxxx]
Sent: Thursday, February 08, 2001 7:32 PM
To: dlevels@xxxxxxxxxxxxxxx
Subject: [dlevels] EMLX, Ron..
Ron, you called about EMLX..
What are your thoughts?
Is there Confluence support anywhere nearby?
Daily chart is a Oscillator-Predictor oversold, so
if there is Fib support, could be a Stretch?
Is that what you had in mind?
-Neal.
---
DiNapoli Fibonacci techniques -
http://www.fibtrader.com
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