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To: pater tenebrarum who wrote (46477)12/12/2000 9:39:31 AM
From: AllansAlias  Read Replies (4) | Respond to of 436258
 
Couple of things to watch early on this treachorous day...

NDX closed yesterday very, very close to the Sep 1 DT line. Gap down this AM makes it clearly under for now.

Smelly broke out of that channel/flag I have posted a few times. This open simply takes it back to the line it broke through. Will be interesting to see if it just uses the line as a springboard for more up.

RUMX is at the top of a large triangle going back to the beginning of Oct. This is the 3rd touch along the top. Bottom has two touches. Breaking up out of this would be a shocker.

Charts in general looks extended. Time for some down. Yea, I know the Bush thing hangs over us, but most of that is already priced in methinks.



To: pater tenebrarum who wrote (46477)12/12/2000 9:42:44 AM
From: AllansAlias  Read Replies (1) | Respond to of 436258
 
Oh yes, the bulls are seeing an inverse H&S on the NASDAQ. Yup, it's there.

This leg up has also formed a wedge. The lower line, intraday, will be around 2865 NDX by day's end.