weekend charting 020710, page-117

Josun Josun88!

My simplistic interpretations for WOW and IPL below

On WOW, SP is
1. below 45d and 200d EMA
2. broken down through lower tine of yellow PF
3. has no new swing bottom since turned down on 21 Jun 2010
4. MACD is negative and crossed below signal line on 28 Jun

My current target is dotted yellow support line for yellow PF at around $25.65 depending on when it gets there, if this breaks, $25.20 which was the low for the calendar year.



on IPL

1. SP trading below 45d and 200d EMA
2. 45d is below 200d EMA
3. SP travelling in downward blue PF channels nicely
4. MACD negative and crossed below signal line on 24Jun
5. could find support at low of 5 Nov 09 but

my target is lower tine of blue PF at around $2.40ish