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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?


To: bramble88 who wrote (5435)10/8/2002 2:20:01 AM
From: Jorj X Mckie  Read Replies (1) | Respond to of 57110
 
OK, so here is another chart that suggests that tomorrow or the next day may be the bottom. The blue lines on the chart (both dashed and solid) are all parallel. Whenever the bottom blue trendline is violated, a capitulation bottom occurs two to three days later. The capitulation bottoms do line up very neatly as represented by the green light. This would imply some very serious selling in the next day or two. This suggests to me that either the time frame will get extended a little bit or that the bottom target will be higher than expected and won't align with the previous bottoms.

stockcharts.com[r,a]daclyyay[d20000201,20021004][pb50!b200!f][vc60][ill14!la12,26,9][J6581161,Y]&pref=G