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Pastimes : Trading the markets..... -- Ignore unavailable to you. Want to Upgrade?


To: Moominoid who wrote (2802)1/20/2001 5:21:44 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 4583
 
Good eye, yes you're right... I've notice that also... what we have is a continuation of the initial pattern back at the beginning of this move... this is a very strong chart pattern over all... any pull back will be very brief and very shallow... 150 point pull back in the NAZ may be about it, if that much.....

GZ



To: Moominoid who wrote (2802)1/22/2001 9:04:12 AM
From: robert b furman  Respond to of 4583
 
Hi Dave,

Like that NAZ chart - notice how macd is just about to reverse in to the positive?

I'm thinking a little slipping in price(touch the midpoint of the envelope) and we could be into a very positive move(breakout above the trade channel - for a nice spring Bush rally).

Just a possible scenario - no guarantees. It could well happen as we climb a wall of earnings worry. The next reve
lation will be how quickly the stuffed channels un clog. Then it will be Katie bar the doors !!

Bob