axa takeover, page-21

Hi Robbbb, I am not TD and probs poor substitute but love the pichfork (p/f) and I am attempting to go up the learning curve on these things ... had a play with NAB

Long term (see below); my thoughts, Like a median line that anchors way back in 2000, gets a near touch in 2004 and then the turn point in October 09 is right on the money.


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Lets add the more recent p/f's.
first the 09 rally: p/f does a reasonable job of defining the trend ....





next add the 5 month 09 d/t: tried a break out in Jan but bears had a bit more in them .... last 2 days show break up in price;




So how to define the "two day rally"???; will we follow the larger green p/f up ... I like this p/f, has the touch of med line in july 09 (a personal favorite!!!) and its almost parallel to the 09 rally p/f. If you add a "Robbbb speed angle" (bottom chart) it would project a median line cross in about mid march at a price of $32 .... OR are we going to follow a sideways consolidation??? (blue p/f)





Love the p/f!!!

As always appreciate ANY and all feedback (+ or -) ... & if master Robbb comments would make an amateur chartists day!!! LOL
GJ