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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Sully- who wrote (53910)7/16/2002 10:59:40 PM
From: stockman_scott  Read Replies (1) | Respond to of 65232
 
The Dow: Possible support here?

traders-talk.com

<<...On the bearish side, the Dow has now broken its long-term trendline going back to 1982 (purple rising line), although it has not yet closed below on a monthly basis. On a log scale basis, if this is a valid head and shoulder pattern it would project an I-T downside for Dow of 5675, give or take a hundred points or so depending on the exact calculation...>>