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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 41.28+5.3%Nov 28 4:00 PM EST

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To: da_cheif™ who wrote (16275)6/4/2004 8:19:41 AM
From: HairBall  Read Replies (1) of 207076
 
DW: ESM04 <----- Still in an intra-day sideways trading range which began on 5/27...

My TradeStation ESM04 (SP E-Mini Futures) 65Min-24Hour Semi-log Chart

marketcents.com

...Still looking for one more detour for the major indexes I track, back down to their respective price/volume pattern support lines for the COMPX, NDX, NYA, INDU and SPX. Patterns which originate from each index’s price highs since the start of this year. Hold or breach evaluations for the support lines will be made as price re-approaches the support lines.

Since the market is always right, "as always" I'll be watching the various indexes' constraining trend lines for a breach up or down. The patterns "at this time" suggest an eventual break to the upside, but my MTF Analysis suggests at least one more detour...we shall see, FWIW, bla bla bla...

Regards,
LG

PS: Let's see if today's employment numbers are used as the excuse to break the ES out of its trading range, one way or the other.
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