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Strategies & Market Trends : Paint The Table

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To: John Pitera who wrote (2367)11/16/2001 12:39:36 PM
From: Jorj X Mckie  Read Replies (1) of 23786
 
John,
I was feeling rather bearish on the Dow because of a megaphone type pattern (higher highs, lower lows) on the 50pt chart. I have never seen them break upwards, but this time it did. Perhaps I need to be looking at whether we are at lows or highs when it starts forming. 100pt chart looks like 10300 is where we meet the real resistance.

stockcharts.com

I will do a more detailed analysis later, having some problems with stockcharts. I never really look at time too much. I will add the Time Wedge to the golf bag one of these days.
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