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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: TraderXx who wrote (9459)	11/30/2001 1:43:28 AM
From: LTK007	Respond to of 99280

i love charts TXx and especially channel charts.To those who use link you will need your yahoo password and then remember to click chart for the Big Picture. From my point of view post charts like this anytime.Max

To: TraderXx who wrote (9459)	11/30/2001 5:44:32 AM
From: Rich1	Respond to of 99280

Intersting chart..Thanks... I have the Gap at 1848/49 on a break after a bounce(douboe bottom) as the bottom of my channel... real close to yours..

To: TraderXx who wrote (9459)	11/30/2001 6:22:04 AM
From: ajtj99	Respond to of 99280

TraderXx, the charts you posted do not necessarily show the trendlines drawn using established principles I've learned. It appears they've taken the linear middle and built a channel around it. The lines drawn I've seen show a rising wedge, with the SOX closing just at the lower rising support/resistance line at 533 yesterday. Furthermore, the SOX broke out of it's falling channel on Monday, and it seems to be forming a flag. Others here may know better whether this is a bullish or bearish flag (maybe Justa), but it seems that the SOX is really hanging on the lower support/resistance line of the original rising wedge, which is not too bullish in my mind. The 200-day SMA is about 562, and the 20-day EMA is 510. The SOX has been above the 20-day EMA since the drop in the end of Oct. It may take a substantial break of the wedge below the 20-day EMA to bring the SOX down. I think possibly a breach of 500 would do the trick.

To: TraderXx who wrote (9459)	11/30/2001 9:17:54 AM
From: sq39	Respond to of 99280

TraderXx, i bet there are more people here than you realize that appreciate your posting charts. it is why i read these threads, trying to get smarter! thanks