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To: JRI who wrote (10762)8/22/2001 11:35:22 PM
From: The Freep  Read Replies (1) | Respond to of 209892
 
JRI -- I think the COMPX line and the NDX line are two different beasts, hence the confusion. Possible tag of the NDX line, looks like, but not of the COMPX.

Good to see that the markets all continued to trade in my absence. It's not the first time they've done so, I quickly add :-)

How about that SOXX! Love dem semis. To da moon on the b2b, I say!

the freep



To: JRI who wrote (10762)8/22/2001 11:41:20 PM
From: John Madarasz  Respond to of 209892
 
NDX line yes...not COMPX.

Saw on security traders compx daily this evening a bounce off the neckline from the inverted H/S... Inv. head - April lows.

great stuff...those guys absolutely rock



To: JRI who wrote (10762)8/22/2001 11:56:38 PM
From: Paul Shread  Read Replies (1) | Respond to of 209892
 
Ask and ye shall receive...

If I use several touches in 1994 and call April 4 a piercing of that line, we bounced just about at that line today:

cache.wsrn.com

But if I use 1 touch in 1994 and April 4, we didn't quite touch it:

cache.wsrn.com

Allan could no doubt do those lines more precisely.

Interestingly, 1468 was the exact measurement down out of the H&S top in May and June: 2070 head - 1769 neckline = 301; 1769 - 301 = 1468. But every other H&S top has exceeded the minimum downside...