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Strategies & Market Trends : Mu Gamma Lambda -- Ignore unavailable to you. Want to Upgrade?

To: Augustus Gloop who wrote (5434)	9/4/2001 9:53:44 PM
From: Doppler	Read Replies (1) \| Respond to of 10077

Yeah, you said that 2 posts ago. <vbg> Actually, as you and I have discussed, I prefer a linear regression line for the red one that is drawn from the 83 peak to the 87 peak to the late 93/early 94 peak. That line if extended comes out almost exactly at 1600 and marks the top of the pre-mania channel. Our current swoon hit that line and predictably found support. Unfortunately, a second test of that line is much more likely to fail. Once that happens we will surely find the lower end of the long term channel. IMLO