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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: TREND1 who wrote (22300)	7/31/2001 4:40:26 PM
From: Jdaasoc	Respond to of 30051

The Nasdaq made a higher high and higher low today. I am looking for close above 1711 NDX or resounding answer from Market on Friday morning to become bullish and that lows last week are for real. You can surely accurately estimate at what level in NDX makes your Nazdaq channel point "up". I would like to know. john

To: TREND1 who wrote (22300)	7/31/2001 7:19:38 PM
From: TraderXx	Read Replies (3) \| Respond to of 30051

HI Larry, You know I seem to be with ya in seeing alot of set ups on a higher move in the nasdaq and the market in general. One has to also think, if we haven't moved down after all this incredible bad news, then please tell me what is going to make this market tank?? I wouldn't disagree with one believing august could possibly trade in a small range until we recieve some possible catalyst to make this market move upward. It just seems to me like the market is just waiting for some positive news to give it some juice. I trade mostly from technical analysis and it seems lately with the low volume its been a hard road to follow only because of lack of conviction. I have noticed today the nasdaq after forming a downward pennant is right on the edge of breaking through. Today it touched the upper line only to fade away closer to EOD. y42.briefcase.yahoo.com Here are some other charts to think about: y42.briefcase.yahoo.com TraderXx