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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad -- Ignore unavailable to you. Want to Upgrade?


To: Cush who wrote (4235)3/4/2002 12:34:38 PM
From: Cush  Respond to of 5144
 
<font color=green>The Dow Weekly

stockcharts.com[e,a]wallyimy[df][pb20][vc60][iud20!ub14!ll14!la12,26,9!lp14,3,3!lc20][J1399024,Y]&listNum=10

Yesterday, I said
On the Weekly,

we're clearly still well-within the narrower of the two downtrend channels.

As I see it, we've got to clear 10,500 to break above the inside (blue) channel, and go above 11,000 to break above the two-and-a-half year (red) downtrend channel. Seems a little early to be getting all bullish, to me.


We've moved up pretty fast, today.
More and faster than I thought would happen when I wrote that.

The blue trend line is at about 10,550 today.

So, for today, that's probably the key number.

Cush