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Strategies & Market Trends : Bottom (and Top) Pickers, Unite!
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To: Teresa Lo who wrote (198)1/28/2001 9:05:28 PM
From: Christopher  Read Replies (2) of 214
 
Teresa, NASDAQ weekly chart has created 1-2-3 bottom. It has just broken above its weekly trendline. IF we follow the theory of 1-2-3 bottom applied to weekly chart then a retest of the weekly bottom is in order. This kind goes with the wedge that you discussed in your weekly free newsletter. My question is this, do we expect to apply the 1-2-3 bottom to weekly and monthly charts just as much as daily charts? Does it apply to only weekly and not monthly? Your help will be appreciated.

Thanks,

Christopher
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