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Strategies & Market Trends : Trade/Invest with Options Jerry a Point & Figure Chartist -- Ignore unavailable to you. Want to Upgrade?


To: GREENLAW4-7 who wrote (4229)11/3/2001 8:45:53 PM
From: Susan G  Respond to of 5893
 
I was just studying the Nasdaq weekly...

The candle pattern is looking a little too much like April to me also.
And the ADX is turning down in a similar fashion too.

home.earthlink.net

I think the only reason BRCD, QLGC and EMLX have not retraced the big moves at all yet is there are a ton of shorts caught in them from lower levels, and every dip they rush to cover and it creates a floor.



To: GREENLAW4-7 who wrote (4229)11/3/2001 9:43:16 PM
From: Susan G  Respond to of 5893
 
AFFX - FYI, it had an engulfing bearish reversal on Friday
according to Litwick.com's listing.



To: GREENLAW4-7 who wrote (4229)11/4/2001 9:34:49 AM
From: Jerry Olson  Respond to of 5893
 
Hi Greenlaw..

the BTK is a very nice chart right here...on the daily candle chart it has the look of a cup and handle..

the real question is can it break the recent highs...570 is the 3 box reversal back up..590 the breakout...

it has good support at 510/500...

be patient...we'll see...i like the bios here...