weekend charting 8th jan 2010, page-93

Hi Susan,
CNX Ya done a few charts on that one as far as the C&H go's I think some have a good imagination. The Cup depth being the factor.imo..???.now watch it prove me wrong...lol if it is a C&H Then the 161.8% fib projection is $1.40 which is also the C&H Target issh..
CNX is at a cross road imo it has made a lower high after completing a Wave 5 on the daily chart it needs to bounce at the big blue arrow..The Q is which ABC is it using White or Red?? The pale blue minor ABC says's its coming off along with the daily inds..NOTE VOLUME..
Weekly inds aren't that convincing & the candle is bearish..
Note weekly EW count may not be valid and could just be ABC's...
I think you will find the Answer on the Monthly Chart & inds
The last charts just a simple over view to show trend LT
Cheers Pete




http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle

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