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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Killswitch who wrote (32808)	3/21/2002 11:14:07 PM
From: sean sanders	Read Replies (1) \| Respond to of 52237

I think we talked about this yesterday <g> QQQ chart geocities.com (click location bar then hit enter to view chart) I was debating about weather this was a channel or a wedge ... the pic is of the 120 min chart of the QQQ it was taken at about 3:22 stock time. The top 2 gap resistance lines are not drawn right ie I drew them looking at the 5 min chart but I often use the 60 min or the 120 min to draw them. Sean

To: Killswitch who wrote (32808)	3/21/2002 11:39:26 PM
From: KymarFye	Read Replies (2) \| Respond to of 52237

I think it's come back too far, and that it's too ugly, to qualify as a pennant or flag: It closed yesterday almost exactly 50% of the way from the 2/21 low to the 3/11 high, and the angle of decline is only slightly less steep than the prior rise. It may be interesting, or at least illustrative of some of the numerous other contrary impulses simultaneously being resolved at the moment, or maybe it's just mind-numbing, that the high/close today (as therefore the gap from yesterday) is almost exactly at 61.8% from the September low to December high on the NDX... And the current move can also be seen as a retracement from the reaction low to the swing high - with today's low near 61.8 and the high at 38.2... And it goes on and on, especially when you start relating current levels to the longer-term picture, work in a few trendlines, and so on - which I guess is normal for an ingrown spiraling concentric triangles major MA-skating is it a bull or is it a bear or is it a whole lot of nothing thang like we're going through...