with regard the MAE chart I am in the middle of a trade but was trading a flag pattern with a target of low 50's. Which actually meets up with your near term target but derived from a different view - interesting two differing views with a similar target. The more roads leading to Rome the better.
I have found a few of these flag patterns recently and in this market they have been quite reliable and short in duration - which in these markets is a good thing short duration that is....and reliable :>o.
With regard NXS it appears like it has developed a nice short term base for a bounce - I was contemplating my navel on an entry for this one on Friday. Still on the sidelines although may have a dabble Monday.
