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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?


To: sandeep who wrote (4129)8/14/2002 11:04:35 AM
From: Chip McVickar  Respond to of 206760
 
Don't post charts.... never learned the tricks....!
I'm NOT a pro and these are my opinions... not buy and sell recomendations

So far and IMHO the price action is perfect.....
closed the gap and hold the lower trend line....
Setting up to reverse the outside down day.
875.00± is the SPX lower trend line


There's a cluster of activity centered around the next few days that should define the next move.
I belive the chart patterns are pointing towards the buyers.
From time to time I'm wrong..., and if they don't break higher..., then 725 is a strong possibility for the cash SPX

Here's a chart
charts.barchart.com