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To: JRI who wrote (47202)7/24/2002 9:56:10 AM
From: AllansAlias  Respond to of 209892
 
(Wrong thread JRI. -g)



To: JRI who wrote (47202)7/24/2002 10:04:09 AM
From: AllansAlias  Respond to of 209892
 
Folks, there is an interesting support in play here for the Dow. Not many would look at it because it is so flat a line. If you draw a line across the Dow highs and then make a parallel channel line that touches the September low, you get where we are this morning. This is best done on a weekly.

Fwiw, I learned some time ago not to ignore wide channels such as this off of all-time highs.



To: JRI who wrote (47202)7/24/2002 10:18:56 AM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
Here is that *possible* Dow channel I spoke of. Man, I have had that lower line there for months. It's so queer when price comes to something that's be laying around on a chart for months or years. Feels eirie if it bounces there. We'll see...

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