Smith and Wesson [SWHC] ~ Daily

(A)
$7.52

(B)
Double Bottom at $3.83?
$3.29

My first look at SWHC was back on 9/25/09 at $5.21. At that time I thought it was a triangle that had
a lot of upside. The stop loss was at $5.00 while the low $3.00’s was identified as better long term
support. At this point, it’s very difficult to peg the exact kind of correction this might be, but one thing
is certain: the move down from $7.52 was only corrective in nature. This suggests that once
played out, SWHC has a pretty strong ( C ) wave coming. Perhaps it’s time to think about bullish
strategies on this stock?

Andy’s Technical Commentary__________________________________________________________________________________________________

 Smith and Wesson [SWHC] ~
Reprinted Chart from 9/25/2009

528

Andy’s Technical Commentary__________________________________________________________________________________________________

 Canadian Dollar (Weekly)

This simply chart illustrates why most serious “traders” at least ‘pay attention’ to some form of technical analysis. A few
months ago, we identified the .97 zone has important resistance for the Canadian Dollar based on a) prior chart resistance
and b) the 61.8% retrace. Lo’ and behold, the Can$ has struggled mightily into this area. Perhaps one day it will break
through this resistance, but for now it looks “double toppish.”

Previous support and resistance here.

Andy’s Technical Commentary__________________________________________________________________________________________________

 -B-
(Z)
(Y) “c”
Canadian Dollar (Daily) “c” 5
3

“a” 1

4
“a”
(W) 2
“c”
“b”
(X)
“b”

(X)

“a”
This looks a lot like a completed “Triple Zig-Zag” from March 9th lows that
ended with a terminal diagonal “c” wave in (Z). There is really only one flaw
with this model and that is in the “c” of (Y)--it’s a little too short in duration
relative to the “a” and “b” that preceded it. However, the rest of the pattern
“b” fits together so well that I’m going to ignore this discrepancy (the “c” may
have begun sooner and ended later than I realized).

3/9/2009

-A-
Andy’s Technical Commentary__________________________________________________________________________________________________
 Canadian Dollar (180 min.)

(2) I’m not entirely comfortable with the five wave model here, mostly because of the initial wave
(1), which is easier to describe as a corrective move. If it’s not a “five” lower, then it’s definitely
a “complex correction,” which is in itself a strong move. The market appears to be running out
[2] of steam to the downside, so it appears we get some sideways/higher price action soon. I
would be a seller of any good bounce in the Canadian $.

(1) [.2]
[1]
[.1]

[.4]
[4]

[.3]

.9500
[.5] (4)
[3]

If this was a “five” lower, then the bounce to come

should not be able to take out the 61.8% at .9617. If
it was a “complex correction,” then the market will [5]
likely move to .9688. Aggressive shorts who don’t (3)
want to wait for a bounce, for risk of not seeing one,
should use .9500 as key chart resistance.

(5)
-a- or -1-

Andy’s Technical Commentary__________________________________________________________________________________________________

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Advisor of any kind. This merely reflects the author’s interpretation of technical analysis. The
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