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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: Lost to Voodoo who wrote (1042)	5/31/2000 7:31:00 PM
From: Lost to Voodoo	Read Replies (3) \| Respond to of 10876

And in the realm of anti-fluff...we're trapped at the thin end of the wedge between the down trendline at the top (the line along the highs from March - now just under COMP 3500) and the 300 day ema at the bottom (exponential moving average, now around 3387). These two lines form a "descending triangle" that we broke down from on the 22nd, have thrown back to, and now may drop from again if we crack under that 300 day. Whether we break the upper or lower trendline, it's likely to set up a continued move in whichever direction for a bit, and perhaps with gusto. Gun-to-head I'd say down, but then JT on the MITA thread is going hell-bent-for-leather in favor of up based on a bank index he uses as a leading indicator (among other things in his huge arsenal) and sometimes he really nails it. Everybody cast your spells...