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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: marc chatman who wrote (3609)	6/5/2001 2:43:37 PM
From: marc chatman	Read Replies (1) \| Respond to of 209892

One line to consider -- the uptrend line on the COMPX/NDX daily charts connecting the low in early April and the low on the dip in mid-May (i.e., the lower line of the bearish wedge). That line was broken about a week ago and is now being backtested. My feeling is that if the line holds as resistance, it could still be tested several times over the next few days, perhaps all the way up to 2250 on the COMPX. If that line is broken to the upside, the odds favor new highs (perhaps they do in any event).