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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Return to Sender who wrote (28073)9/9/2000 1:28:26 PM
From: Johnny Canuck  Read Replies (1) | Respond to of 68380
 
Sort of an ambiguous chart for the COMPX. Either a double top or the start of a reverse head and shoulders. Anyone want to take a crack at devining which one?

207.61.23.99

This chart of the QQQ is more suggestive of a double top.

207.61.23.99

Looking at the long term chart, last year we formed a double top and fell back to the base of the double top formation and the rallied to a new high. I am not sure we can repeat the rally to a new high, but a fall/post election rally still is the most likely scenario right now.