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Strategies & Market Trends : Classic TA Workplace
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To: John Madarasz who wrote (17762)10/24/2001 8:15:33 AM
From: Paul Shread  Read Replies (2) of 209892
 
I've seen examples of flags forming off gaps in E&M. Just thought it was interesting that yesterday's high formed a nice channel on the Nasdaq. Sure seems like it doesn't want to go down, and it's consolidating near the highs.

But with declining volume and PC ratio, another trip down to that lower channel line is a good possibility.
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