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PTR's ANALYSIS for KEY INDIVIDUAL STOCKS
9/12/2006
UPDATE of TEXAS
INSTRUMENTS (TXN) using Gann Angles and Squares with Elliott Wave and Cyclical
Analysis. Page 2 of 2
FROM the top chart of TXN, below, you can tell
that we "expect" the stock to "test" the 1:4 angle down near $24-$26 BEFORE
attempting another breakout up through $34, but we also acknowledge that Mr.
Bull and Mr. FED may have already pulled off a "sneak attack" and the low
we are still expecting has already been made in July.
Needless to say, IF the BOYZ hammer this, and the rest of market
back up to the 2006 highs before going down, that could be very bullish BUT
it could also be the SETUP for a straight down CRASH into the "fully expected"
4-Year cycle low...currently targeted near 10/21/06.
As for the lower graphic, this shows TXN's price trend since the 2000 all
time high as it relates to Mr. Gann's "squaring" of price, time, or price
to time.
Since
I cannot get into this here in any detail, more so than what's on the graphic
itself, for those new to this Gann trading method just keep in mind that "squaring"
mean to "geometrically square" PRICE on a chart's Y axis with Time on the
charts X axis AND NOT to mathematically "square" or find the "roots" of any
numbers...period and end of story.
At this point, you will either
be able to follow my comments with ease or you needed purchase and read our
2006 year book.
The next URL link, below, will take you back to the prior "overall" analysis
for TXN on 9/1/2006, and the two graphics for this page are below it.
<TXN-page 1 of 2: Intermediate Term Full Analysis 9/12/06>
The majority of comments pertaining to this analysis is on the
graphic itself, but a few "extra' are posted below it.
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Chart 2 of 3 of TXN
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Chart 3 of 3 of TXN below. NOTE that there are some important comments
about it in the text block blow it.
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MORE COMMENTS
TEXT BLOCK, IF ANY!
9/12/06 Original Post Continued:
Based on Mr. Gann "Geometric Squaring" methods, we can say with
some certainty that IF Mr. Gann was still alive today, as he died in 1955,
he would "surely have" TXN classified as BEARISH and nearing a critical test
of going "very bearish."
The reason for this classification is that while the stock has broken
above the key 1:1 angle coming down from the all time, and it currently working
inside what we, at PTR, have defined as the BULL SQUARE (the 87x87 green square
that started at the 10/2002 low and extends up to a 2009), the fact that
the stock has dropped so far down below the 1:1 angle up inside this
Bull Square that it makes it "LOOK" nearly impossible for TXN to recover from
here and get back up to that 1:1 angle by early 2009.
OF COURSE, that is just my opinion, and TXN could go ballistic and
prove me wrong. As a matter of fact, IF TXN should touch that 1:1 angle
up anytime in 2006, 2007, or 2008 then I would say it does actually have a
shot at the bulls eye...as shown by the dotted green trend line up into 2009.
Andrew J. Quiggly
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For The Price-Time Review
Andrew Quiggly and Ben Bonfoey
Co-Editors
All content is copyright(2005)
PriceTime LLC
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