40-Point Comp chart forming a potentially nasty pattern.
Nasdaq Composite|Nasdaq ($COMPQ) INDX 3-Apr-2002 O:1,809.59 H:1,813.36 L:1,777.86 C:1,777.86 V:1,212,674,000 Chg:-26.54 © StockCharts.com 3,040.00 | | | | | 3,040.00 3,000.00 | | | | | 3,000.00 2,960.00 | +| | | | 2,960.00 2,920.00 | |+ | | | 2,920.00 2,880.00 | | + X + | | | 2,880.00 2,840.00 | | + X O X + | | | 2,840.00 2,800.00 | | X O X O + | | | 2,800.00 2,760.00 | | X O X O + | | | 2,760.00 2,720.00 | | X O O + | | | 2,720.00 2,680.00 | | X 2 + | | | 2,680.00 2,640.00 | | X X O + | | | 2,640.00 2,600.00 | | X O X O + | | | 2,600.00 2,560.00 | X| X O X O X + | | | 2,560.00 2,520.00 | X|O X O X O X O + | | | 2,520.00 2,480.00 | X|O X O X O X O + | | | 2,480.00 2,440.00 | X|O X O X O X O + | | | 2,440.00 2,400.00 | X|O X O X + O O + | | | 2,400.00 2,360.00 | X|O X O X + O + + | | | 2,360.00 2,320.00 | |O X O + O X + | | | 2,320.00 2,280.00 | |1 + O X X O + | | | 2,280.00 2,240.00 | | O X O X X O 6 + | | | 2,240.00 2,200.00 | | O X O X O X X X O X O + | | | 2,200.00 2,160.00 | | O O X O X O 5 O X O X O X + | | | 2,160.00 2,120.00 | | O X O X O X O X O X O X O + + | | | 2,120.00 2,080.00 | | 3 O X O X O O O X O X + 8 + +| X | | 2,080.00 2,040.00 | | O X O O X 7 X O X O C|+ 1 O | | 2,040.00 2,000.00 | | O X O O X O X O X|O X O | | 2,000.00 1,960.00 | | O X X O O O X|O X O | | 1,960.00 1,920.00 | | O X O X O X|O O X |High| 1,920.00 1,880.00 | | O X O X O X| O X O | | 1,880.00 1,840.00 | | O X O X O X| 2 3 O |Avg | 1,840.00 1,800.00 | | O O X O B| O X 4 | | 1,800.00 1,760.00 | | O X O X| O X |Low | 1,760.00< 1,720.00 | | O X 9 X| O | | 1,720.00 1,680.00 | | 4 X O X| | | 1,680.00 1,640.00 | | O O X| | | 1,640.00 1,600.00 | | O X| + | | 1,600.00 1,560.00 | | O A| + | | 1,560.00 1,520.00 | | O X| + | | 1,520.00 1,480.00 | | O X| + | | 1,480.00 1,440.00 | | O X|+ | | 1,440.00 1,400.00 | | O +| | | 1,400.00 1,360.00 | | + | | | 1,360.00 1,320.00 | | | | | 1,320.00 1,280.00 | | | | | 1,280.00 1,240.00 | | | | | 1,240.00 01 02 |