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Strategies & Market Trends : The Thread

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To: Jack Hartmann who wrote (8399)	7/31/2000 8:42:47 AM
From: stan s.	Read Replies (1) of 49816

Hi Jack, the NASDAQ reentered that a continuation of that long ago channel on Friday's dip as it fell under 3700. The lower trendline of the channel today would be abpot 3360. It was an uptrending channel so it goes up 3-5 points a day. Remember these numbers are approximate because it's not a static or perfectly defined channel. I think it has some validity but it plays a minor role in my own perception of what's happening. If it seems germane as the week wears on I'll put a chart of it up. Stan

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