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


To: GROUND ZERO™ who wrote (5675)12/2/2002 11:26:23 PM
From: Chip McVickar  Read Replies (1) | Respond to of 207358
 
GZ,

Daily SnP cash closed above a shoulder fork median line off Aug low....
Price remains within this forks supportive trend line very nicely...

Daily fork median line off the July low is looking at 1000...
It's TP set up the move off Nov low...
It's supportive trendline has carried the price easily....

Horizontal resistance around 950 and Lower trendline held this afternoon
Together these form a Triangle that will be resolved in a few days

Weekly fork charts are equally nice and the wiggle performing
A second weekly median line off Jan 2001 also points to 1000
It's TP comes in during the 3rd week of December.

I believe this rally will end in January 2003 at or near 1000-1025