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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (1974)5/8/2001 9:16:47 AM
From: AllansAlias  Read Replies (1) of 209892
 
Just getting ready for early up here...

Notice the large triangles/wedges on the NASDAQ.

Top line: Connect and extend using the high of Apr 20 and the high of May 2. (flat for NDX, rising slightly for COMPX.)

Bot line: Low of Apr 25 and low of May 4.

Man, *if* this can bust up out of these we should see a real rocket. I am skeptical, but ready to give it a shot if we have great volume.
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