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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: KymarFye who wrote (10757)	2/25/2002 7:07:16 PM
From: Killswitch	Read Replies (1) \| Respond to of 19219

Yep I agree, the NDX downtrend is the key... if it can break out of it then that inverse head and shoulders bottom going back to last April has a significant chance of playing out. I notice now with the higher DJIA close I can also draw a non-wedgy uptrend channel for it now. For the upper line start at the high of Jan 22 and draw up to today, for the lower line start at the low of Jan 30 and connect to the low of Feb 20. Not perfect, but interesting.

To: KymarFye who wrote (10757)	2/25/2002 7:07:18 PM
From: JBH	Respond to of 19219

NDX t-line stuff... Last weeks low at 1329.23 shows intermediate support and hit ABOVE the actual Longerterm t-line set on the weekly chart (good sign) at the 1325 area. Todays move is the start of a move up into the bears DT's. A move, and solid breakthrough the 1435 area on this chart would be most bullish. A move to the 1435 and then a break backdown to retest the ut at the , weekly, 1350 or just below with recovery off of that area to pick up that area would be most bullish, as well, in order to confirm and want to pick up that t-line and may signal future upside potential. Just some NDX t-line STUFF to watch for on the bull side of the equation. JBH