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NEAR
TERM GANN and CYCLICAL ANALYSIS
FOR
Texas Instruments Co. USA-NYSE (TXN)
1
New post on 4/19/2006
with two charts for TXN posted below
.
HEY, did you hear the fireworks today? Right after, of course, an
atomic jam job in the DOW and Nasdaq, yesterday! While the rally was
"rumored" to have been triggered by some "FED meeting notes" BS, TXN comes
out, "after the close," "beats estimates" AND then does a PollyAnna Pump
and Jump job for it's "future" expectations. Of course, in the process
it JUST HAPPENED to break through Super-Critical resistance at $34.
NOW, with the wind at it's back, it "looks like"
it wants to run up even higher, EVENTHOUGH, the major cycles, especially the
2-Y Technical Upgrade Cycle is hard down against it until October.
WHILE we view this as yet another clear manipulation
break by some big institutional funds, and most likely "the company" itself,
that does not change the fact that "should" it hold above $34, or pull further
on up and come back to "retest" it from above, then the HERD has managed
to swing this completely around to a "bullish classification"...in much the
same manner that HPQ was "popped" through critical resistance by a "pin point"
bull attack last fall, eventhough, it had "badly broken" a rising wedge to
the downside only a few months before.
One more HUGE point to make here is in relation to something that has me
very worried. Since I "expect" this to be a Bear Market rally "in progress"
up into a final top in 2008, near $55, THEN I'm also "expecting" the 2-Year
Cycle highs and lows to follow the same pattern they have shown since the
2000 all time high. IF that is still true, then TXN "should NOT" continue
to go higher, SHOULD NOT hold onto $34, and "should" drop down into a August
to October low.
IF, on the other hand, TXN is actually in a new bull leg up then this critical
cycle COULD "shift" back to the 8/9 peaks and year end lows that it made during
the 1990's. Needless to say, that would be some strong evidence against
my whole long term analysis for a "monstrous" 2010 and/or 2014 Bear Market
low...in TXN!
While I "still think" I have it right, this is a very serious test of my
overall long term thesis, and I will be watching it closely.
Please read the comments on the graphic itself, then those in the
text box below it, if any exist.
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TXN INTERMEDIATE
TERM as of 4/18/06
Be sure to NOTE the daily chart in
the window below this one!
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COMMENTS (IF ANY):
AJQ
and BB
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TXN NEAR TERM
as of 4/18/06
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COMMENTS (IF ANY):
AS
you can see here too, the key is that TXN is now ABOVE the Gann 1:1
angle coming down AND "at," or "just above," the 1:2 angle coming up from
the 10/2002 major low. Therefore, either the bears lay the wood to
it very soon or it "looks like" it will blow sky high go in the exact opposite
direction as INTEL, which seems hard to believe. |
END
For The Price-Time Review
Andrew Quiggly
Editor
All content is copyright(2005) PriceTime
LLC
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