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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: GROUND ZERO™ who wrote (824)	1/11/2001 8:59:28 PM
From: Chip McVickar	Read Replies (1) of 12411

Yes, that's a strong weekly trend line on the SPX. Another Weekly: Connect the 98 high and the 99 low you get another, which I believe you've called an "Internal Support Line." ~~~~~~~~~~~~~~ Look at the Monthly SPX Fork handle 7/98 high -- spread 10/98 low - 3/00 high The close has held all the last 3 months. Another trendline: 7/96 low - 10/98 low - 12/2000 low Wedge about to resolve by connecting 9/20/00 high and all forward highs. Internal Support Line: 7/98 high to 10/99 low Held the last two monthly bars. ~~~~~~~~~~~~~~~~~ Monthly DJIA Wedge formed off 9/98 low - 10/00 low Along with 1/00 high - 8/00 high Diamond using 1/00 high- - 3/00 low Both to be resolved this quarter ~~~~~~~~~~~ Nasdaq Monthly Is floating except for sitting on the 55 SMA. But also sitting on a .618 retrace off the 92 lows

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