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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: KymarFye who wrote (10757)2/25/2002 7:07:16 PM
From: Killswitch  Read Replies (1) of 19219
 
Yep I agree, the NDX downtrend is the key... if it can break out of it then that inverse head and shoulders bottom going back to last April has a significant chance of playing out.

I notice now with the higher DJIA close I can also draw a non-wedgy uptrend channel for it now. For the upper line start at the high of Jan 22 and draw up to today, for the lower line start at the low of Jan 30 and connect to the low of Feb 20. Not perfect, but interesting.
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