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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: donald sew who wrote (40557)1/10/2001 12:42:08 PM
From: adcpres  Read Replies (1) of 42787
 
Don, As per our previous discussion, I looked at the COMP and NDX on a weekly basis and I STILL see that nasty downward channel starting Sept. Doing the math, I get the same values on the weekly as the daily. The channel has a width of approx. 660 pts. The middle of the channel for the close today appears to be at 2402. So if we close anywhere +-330 pts. from the center we are still in the channel.

Hopefully another rate change will blow us out of the channel but currently the BEAR rules. GH
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