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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (71963)	4/23/2003 11:21:42 PM
From: the-phoenix	Read Replies (1) of 209892

Do you consider moving sideways out of a steeply falling channel to be a breakout? I don't see many markets making higher highs here, even if they are moving "above" falling downtrend lines. It is more like the trendlines are just falling faster than the markets. One could argue that the Nasdaq Composite "broke out" over a year ago as it escaped sideways out of the downward sloping channel off the March 2000 highs.

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