chart for elle, page-2

While we are on the long term trendline and lots of bottoming tails indicate a rally may be imminent it would pay to take note of the decending triangle patterns forming and the targets they present if support is broken.



and it has happened before. Interesting that the blue range down would bring us to support from the end of '08 lows. The black ADX line is approaching over sold indicating that a big move may be near, which way we will have to wait and see.



tight stops everyone.

Rhodes