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Strategies & Market Trends : TA setups-ex th traders

DIA 479.49

+0.9%

Dec 3 4:00 PM EST

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To: konasurfs1968 who wrote (6441)	4/8/2005 3:36:09 PM
From: zhaque	Read Replies (1) of 7682

Well, the NDX gapped up slightly this morning to close the gap from 3 weeks ago at the 1500 level when the NDX broke down from the ascending triangle but has now fallen away, albiet on low volume. My trailing stops have triggered. Will see how this plays out. This will be the 4th bounce off of the 3 year weekly uptrendline that Robb has drawn out on all the major indices. We will see how it goes but the "3 times knockdown rule" should be kept in mind here as far as the weeklies are concerned.

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