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Strategies & Market Trends : The New Bull Market. -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (1177)8/13/2002 7:42:18 PM
From: MythMan  Read Replies (1) | Respond to of 1750
 
>>we could see new lows now...<<

have you checked with da cheif on that one? -g-

seriously, I see maybe a bounce tomorrow (PPT in action after today) but that 7500 level looked robust last time we were there.



To: GROUND ZERO™ who wrote (1177)8/14/2002 9:35:38 AM
From: Chip McVickar  Read Replies (2) | Respond to of 1750
 
Since the high in May the SPX and INDU show a long upper trendline and a short steep rising lower trendline presenting a simple wedge or triangle....

"M" or double top has a rising second shoulder which to me is bullish.

On the 9th-12th-13th the market closed lower gaps and followed through with the Greenspan sell. This morning we have'a gap up....

A daily TP is due Fri for the SPX and Monday for INDU
I expect this formation to be resolved to the upside