weekend charting anzac long weekend, page-37

  1. 780 Posts.
    ANZ Chart for those interested

    Bearish but have not gone short (except WOW) due to strength of Wall Street (which is not pure TA I know).

    IMO,
    SP tested upper trendlines of orange
    and green pitchforks,( 1 & 2)
    if it breaks through blue upper trendline (2)
    SP could move back to Blue ML (4) with some
    support at between $24.5 and $25 (3).
    Break there will see $22 tested.

    See Chart 1

    ANZ 24Apr2010

    Chart 2 gives clearer picture of pitchforks.

    ANZ 24Apr 2010 No2
 
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