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


To: Susan G who wrote (21040)7/22/2002 10:09:23 PM
From: ajtj99  Read Replies (2) | Respond to of 26752
 
Susan, thanks so much for the charts you posted. I noticed that most of the ones I looked at had 3-bear flags, and I recall you mentioned often times in a big downdraft there are four bear flags before an intermediate low.

Most of the flags seem to measure to initial support we're looking for (NDX 900, SPX 900, etc). However, I think the charts make it clear we may need two more lows.

The BTK looks just plain strange compared to the other indices.



To: Susan G who wrote (21040)7/22/2002 10:13:46 PM
From: ajtj99  Read Replies (1) | Respond to of 26752
 
BTW, for those looking to play a bounce, the bear flags are not showing much of a bounce. This is fairly consistent with the parabolic drops I've seen into intermediate macro lows.



To: Susan G who wrote (21040)7/23/2002 12:10:46 AM
From: Susan G  Respond to of 26752
 
Add the Nasdaq COMPX to the list of 60 minute bearflags, I left that one off.

stockcharts.com[l,a]ehclyyay[db][pb20!b50!b200][vc60][iLi14,3!La12,26,9!Ll14!Lg]&pref=G