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To: Doo who wrote (42018)2/5/2001 2:23:36 PM
From: donald sew  Respond to of 42787
 
Jeffery,

>>>> And, of course you understand that since I don't think there was a "rectangle", there was nothing to override the 60m h&s within the larger rising wedge pattern on the daily, right? :) <<<<

Why are you trying to turn this into an arguement. My issue was specificly addressed to the volume issue on the WEDGE - specificly. Now you are turning this into an issue of a rectangle on the XLK versus the 60m H&S on the NDX. Do you see the H&S on the XLK. If one really pushes it, there is one, but again thats really pushing it.



To: Doo who wrote (42018)2/6/2001 6:58:13 PM
From: Doo  Read Replies (1) | Respond to of 42787
 
After breaking down out of a 60 minute H&S....ahem, I mean the rectangle <gg>, the NDX rallied right back to the neckline.....ahem, I mean lower boundary of the rectangle <gg> and then cratered.

Rising wedge breakdown on the daily working as expected on the daily.

And, whew-wee look a those IIA sentiment number around 61% bulls, 30% bears as of last Thursday. Surely we can get 'em to 25-28% before we really take a good look at that 1/3/01 low, again. VIX is about to kiss the curling 20/150 lower BB, and the low volume is lulling the bulls to sleep...CSCO will save the day, right? :)

Careful out there.