cs,
TrendLine winning the battle....
saavycharts.com;
I have two different charting programs that both show the trendline from September 1, 2000 to the Jan 31, 2001 point shown on your chart was cracked by the peak on April 20, 2001. If the line is raised to the top of April 20, that line was cracked on April 30, and we are now about 120 points above it. It appears to me the line you have shown comes off the high on March 24, 2000 and has several touches: July 17, 2000, Nov 6 2000, Jan 31, 2001, May 2 2001. My guess is that's the line in your chart, and it may be the one in control, but the September high was about 310 points above that line. Optimists can focus on the September line and say the Nasdaq is still above it. I'm not predicting anything.
EDIT: I see while I was checking all this out, lifeisgood noticed it too.
Dan |
