Clown-Free Zone... sorry, no clowns allowed Message Board

STOCKTALK

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: chic_hearne who wrote (9776)	8/9/2000 3:34:48 PM
From: AllansAlias	Read Replies (3) of 436258

I am watching triangular formations that have made 3 waves and are coming down for the 4th. NDX is slightly rising and bottom line is 3717 or so, rising slightly. SOX is most interesting. Flat bottom descending triangle. The current bottom is about to coincide with the falling intraday trend line it has fought all day. If that gives, which seems doubtful, we will fade to the close. Keep an eye on 971.5. SPX, in keeping with old-econ mix, is more symmetrical than the others. Falling now to rising line at 1478. The fifth wave is more often than not the break out of these. I do not think we have time for that now. These lines need to give if we are to puke to the close. --Allan

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