Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: TimeToMakeTheInvs who wrote (44045)	3/26/2002 12:35:10 PM
From: HairBall	of 99280

NYA "Intraday" Chart... My QChart “Intraday” NYA (NYSE Comp) 15-Min Semi-log Chart *Note:* The current "in play" falling wedge established with today’s opening pivot low found resistance at its resistance line. A similar pattern can be seen on the Dow Industrials chart. However, one should note on the Dow chart the price action has risen above the support line before consolidating which is fairly bullish. Keep in mind that a break to the norm would be up. As always, chart patterns are not 100%. A break below the support line (not just a violation) would negate the formation. My WOW QChart NYA Chart can be viewed at the link below. Click on Chart 4 lgscharts.homestead.com EDIT: I would not be surprised to see some additional backing and filling within the wedges. And, the SPX chart is similar to the NYA chart. Regards, LG

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