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To: Wildstar who wrote (749)6/21/2000 6:58:00 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 797
 
I don't know if I could actually put in word just what a runaway market looks like, and it never becomes obvious until the market actually does run that way... but, I'd say that the beginnings of such a market would have to have the chart pattern that the NAZ had last summer... I can tell you that the chart pattern for the NAZ in the past few weeks resembles that chart pattern closely enough for me to be very bullish for this index... the daily patterns don't have to be identical, just a similar pattern... study that pattern from last summer and take a close look at the daily chart pattern of the past two weeks... I don't know for sure if the NAZ will begin to run away at this point, but I'm heavily long the NAZ at this point and have been now since last Friday..... before I jumped into the NAZ, I was long the SP's, but I think the NAZ is going to be the winner for the next few months.....IMHO

Look at that gap up in October of last year...

charts.barchart.com

There are similar daily chart patterns within the past few weeks in addition to this big gap up.....

charts3.barchart.com

GZ