Technical Trader

Daily Watch list JAN12th/ 04

Symbol: IMOS

My Favorite Links:

www.stacpack.com

www.undergroundtrader.com

www.cybertrader.com

My Info:

Email:

waynemiltz@yahoo.com

Daily chart of IMOS showing the stock is currently completing it's 5th wave. Look for a downward movement for correctional waves A,B and C to the bottom of the Expanding triangle. CCI and MACD divergance are showing up. IMOS should correct to the high 9's low 10's. Then continue on it's current upward trend.

Following up on IMOS. IMOS has once again touched the top of the wedge. Look for break down very soon. Stop in at $14.65. We'll have to see if this morning was a bull trap or not. Bullish task are to close above 13.87, bearish task is to close below 13.87 forming a hanging man candle formation.