|
PureBytes Links
Trading Reference Links
|
http://ff5.quote.com/tmp/CHMOAAa002ox.gif the thing besides the
possible head and shoulders pattern on this that looks corrective still
to me is a clear 5 wave pattern on the first correction from 105/67, a
clear 3 wave pattern from 67/95 which failed at the .786% level, thats
what stuck out the most about this pattern to me. now A=38 points minus
the top of B at 95= posssible "C" wave equailty at 57. .618 of 38 is
23.50 minus 95.00=71.50. since the first corrective wave looks to be a 5
wave pattern that tells me its a "sharp" pattern 5/3/5. time will tell
us, but i believe a triangle "B" wave is not to be expected in this
matter. craig
|
