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To: John Madarasz who wrote (141153)1/1/2002 12:14:58 PM
From: sun-tzu  Read Replies (1) | Respond to of 436258
 
i'm playing that NDX chart and have been with a long bias since it broke back to the upside of that trendline. yes, i fully expect a breach but not right here. am looking for a bounce off 1550 NDX to the upside.

that being said, this NDX chart is a pure bull market aberration in that the trendline's existence resides entirely within a secular bull market. when the line does break, i'll next refer to the line connecting the 1990 and sep 2001 lows.

good discussion,

st