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

To: AllansAlias who wrote (3850)	5/30/2001 11:01:55 PM
From: Gut Trader	Respond to of 209892

Rember those chart are just for fun...lol

To: AllansAlias who wrote (3850)	5/30/2001 11:02:17 PM
From: Challo Jeregy	Read Replies (2) \| Respond to of 209892

I edited my post <g> Your calls were perfect. My question was concerning the charts under this commentary - Below is a NASDAQ weekly and a daily. On the weekly we can see that, even though has been the most stunning rally in the history of American markets, it has not even retraced to 38% yet. Anyway, we can see that COMPX has overtaken the Sep/00 downtrend line but stalled at resistance near 2250. Will it turn and give up the breakout? I doubt it. I think it more likely that it will retrace along the downtrend line. On the daily chart we see the favoured count, showing us starting a 'c' leg before we begin a new up move. it pictures the naz going to 2000, as a C, with the possibility of going back up - reads "to new high for the move" I don't follow waves very well - probably shows <g>