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After a Short Dip, CSX Should Rise for Several Months Before Resuming Decline

NEW YORK (TheStreet) -- CSX (CSX - Get Report) reports earnings today, and the big question is whether it'll miss, match or beat analysts' estimates of their third quarter performance. The answer can be probability-ranked using the decision support engine.

This monthly bar chart shows that no matter what the company reports today, the path of least resistance is lower; at least to the 21 +/-3 zone, which will put an orthodox 5th wave down in place from the 2014 peak. Then, a multi month bounce will allow prices to rise out of the green box, likely from the 23's, toward the 31 +/-2 zone. The blue arrows show what the rest of 2016 holds for this company, as well as throughout most of 2017; another decline toward the 13 +/-1 zone.

Click here to see the below chart in a new window

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