Charts

Discussion in 'Technical Analysis' started by ZZZzzzzzzz, Jan 4, 2006.

  1. 2% Regression Channel connecting the Oct 1998 high and the December 2004 high.

    Back up to top or down to bottom?

    DRT
     
    #61     Mar 15, 2006
  2. GBLB
     
    #62     Mar 16, 2006
  3. EMC
     
    #63     Mar 17, 2006
  4. DELL
     
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    #64     Mar 20, 2006
  5. DESCENDING WEDGE

    The descending wedge is the opposite of the ascending wedge. The two boundary lines move downward and the upper line has the steepest angle of descent. This formation will normally resolve upward because the steepest angle is usually the least sustainable.


    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1015189>
     
    #65     Mar 21, 2006
  6. Chagi

    Chagi

    Nice to see that I'm not the only one seeing this chart pattern with INTC, I posted a very similar chart a bit earlier this evening (hadn't seen your post).

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1015194>
     
    #66     Mar 21, 2006
  7. More INTC

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1015195>
     
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    #67     Mar 21, 2006
  8. Chagi

    Chagi

    So, since we're both talking about INTC, may I ask what you would be looking for in terms of determining an entry point?
     
    #68     Mar 21, 2006
  9. Now, with a stop, possibly a reverse stop.

     
    #69     Mar 21, 2006
  10. Chagi

    Chagi

    Agreed, I just opened a position during the afternoon pullback ($20.12).
     
    #70     Mar 21, 2006