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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Challo Jeregy who wrote (16815)	5/5/2002 8:41:35 PM
From: Susan G	Respond to of 26752

One thing to keep an eye on short term on the COMP and NDX...especially if there is a small bounce. NDX started forming really clear bearflags on all time frames Friday afternoon - you can see them on the 15 min all the way up to the 120. COMPX on shorter term, there's bearish descending triangles on the 5 and 15 min, and a small bearflag forming on the 30min to 120 minute charts. And since bearflags make lower highs and have to move up to fully form, they can easily fool people into thinking it's a reversal, until they hit the reversal at the resistance at the top of the flag.... Most of the flags are targeting the NDX 1210 to 1220 area. So I will be watching them like a hawk and will post if I see them breaking after a pop up.