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Strategies & Market Trends : Analyze The Trade: Home of the T/A Archive

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To: Ta_Bo who started this subject	2/27/2002 4:59:45 PM
From: Ta_Bo	Read Replies (1) of 232

LAME!!!!! Take a peek at the daily chart of the S&P 500 index.. Looks like we are beginning to form a channel bound range. Dang those can get boring. A look at the NAZ shows a much more orderly downtrend. I'm hoping the selling pressure there can pull the Spoo out of it's range. Interesting note, the Naz printed it's last swing low right at Fibonacci support, so that sets the odds for a higher low once this most recent rally to resistance move sells off. Fingers crossed for a NO RANGE market :) Good Luck and Good trading... -Bo

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