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Strategies & Market Trends : Charting & Technical Analysis for Stock Indexes -- Ignore unavailable to you. Want to Upgrade?

To: Plaything who wrote (205)	5/5/2002 4:04:24 AM
From: sean sanders	Respond to of 211

diamond where? the 60 min? 60 min I would say its a flag possiable dbl top - implication down daily possiable dbl top; possiable ascending triangle - but kind of a wierd place to form one and I would need to see it rise more before I would consider that one more. I see the diamond there now also ... funky looking diamond ... the trendline its sitting now is a bit important either way ... can see it drop to teh 18 or 16 level if it breaks that trendline (minimum). Perhaps flag at 18 then head to 16 etc ... check the weekly; lots of pressure pushing us down. Its got to have a whole heck of alot of umph to get past the recent high. I wouldnt be surpirsed if we gapped down Sean