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To: AllansAlias who wrote (15393)10/3/2001 11:25:17 AM
From: Justa Werkenstiff  Read Replies (1) | Respond to of 209892
 
Allan: It is breaking out off its bottom with three white soldiers:

litwick.com

If the Nasdaq closes above 1528 on good volume, I would argue that it is breaking out from an ascending triangle.

You are looking at sector rotation here to tech. Drugs sucked wind with LLY this morning. Portfolio readjustments underway.

MSFT has not gone up on consecutive days of declining volume:

2-Oct-01 51.63 53.55 51.56 53.05 40,430,400 53.05
1-Oct-01 50.94 52.50 50.41 51.79 34,999,800 51.79
28-Sep-01 49.62 51.59 48.98 51.17 58,320,600 51.17
27-Sep-01 50.10 50.68 48 49.96 40,595,600 49.96
26-Sep-01 51.51 51.80 49.55 50.27 29,262,200 50.27

Good luck.