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Pastimes : The Big Tex House of Coin

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To: Skycat who wrote (16180)	1/3/2001 1:07:00 PM
From: Jeff	Read Replies (1) of 19297

just like on the 1-day nasdaq chart....... you see the downtrend.....you draw a line through the tops....starting at 2350.....hit each top with the line..... you would see that at 2290......the nasdaq broke above that line......it broke resistance...and the trend changed to up..... now that line is support.....if it breaks it.....the market will tank again..... and now you have to start a line from the bottom at 2265...to the next bottom.....and as long as it doesn't break below that line.....the price can just keep moving up along it......

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