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

To: TREND1 who wrote (32778)2/24/2002 9:57:00 AM
From: sylvester80  Read Replies (2) | Respond to of 99280
 
Larry,
There is also a NDX down channel at work as well. The one that predicted the recent top. To get that one, draw a trend line from the bottom in April to the bottom in Sep. Then copy the trend line and move it till it intersects the high in May. You will see that the Jan 02 high intersects that trend line. So you may want to include that possible down channel as well in your chart with at least an initial support line at the Sep low.



To: TREND1 who wrote (32778)2/24/2002 10:39:42 AM
From: sylvester80  Read Replies (2) | Respond to of 99280
 
If this is a reverse head and shoulders formation, it should confirm in the next week. BTW, I've been hearing a lot of bullish words from many long time bears this past week. Don't know what to make of it quite yet. These next two weeks will be important IMO, one way or another.


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