ANZ Chart for those interestedBearish but have not gone short...

  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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