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To: AllansAlias who wrote (52226)9/2/2002 10:47:46 PM
From: ajtj99  Read Replies (1) | Respond to of 209892
 
Yeah, why not draw the wedge from the lows. That shows a better picture of the actual wedge, IMO. The wedge broke, and the rising support is now resistance. It should still break to the norm, IMO.



To: AllansAlias who wrote (52226)9/2/2002 10:50:16 PM
From: John Madarasz  Read Replies (1) | Respond to of 209892
 
boomspeed.com



To: AllansAlias who wrote (52226)9/2/2002 11:26:55 PM
From: Shack  Read Replies (1) | Respond to of 209892
 
Wedgy, but not a wedge IMO. For me its about whether we get a new high before we break 755. If we break 755, the dt breakout will be negated and the top of the initial launch out of the July 24 lows will be violated (top of the putative '1'). That would be enough for me to look short. My guess is that 755 holds.



To: AllansAlias who wrote (52226)9/2/2002 11:53:56 PM
From: UnBelievable  Respond to of 209892
 
Its Interesting To Look AT $BKX On A Weekly Chart

It had been one of the most long term bullish charts around.

After a strong drive up from the January 1995 level of 250 to the August 1998 level of 940, it has been forming an ascending triangle, which in most cases would resolve with a break up above 950.

But then in July of this year it broke below the bottom of that triangle. In each of the last two weeks it probed back into that triangle but in each case closed below it.

Unless it is able to regain the triangle (this week that would mean getting up above 800) I would think that it would become a strong candidate for a baleful hound designation.