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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: augieboo who wrote (17238)	11/26/2002 3:29:24 PM
From: ajtj99	Read Replies (2) \| Respond to of 30712

Augie, here's what the 60-minute NDX looks like to me: stockcharts.com[h,a]eaclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iub14!la12,26,9!lg!li10,10!lh5,5!lp14,3,3!ll14][J6471083,Y]&pref=G] I see the 1070-1075 area coming into play. On the daily, it's looking like this: stockcharts.com[h,a]daclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iub14!la12,26,9!lg!li10,10!lh5,5!lp14,3,3!ll14][j6471083,y]&listNum=1 There is a falling wedge on the 15-minute, and the price action is between the lower BB and the 13-EMA on that chart. stockcharts.com[h,a]gaclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iub14!la12,26,9!lg!li10,10!lh5,5!lp14,3,3!ll14][j6438165,y]&listNum=1 We have to watch how the upper line is handled. If it is breached and price falls back inside, the wedge forms a channel with less bullish implications. I think the wedge should resolve sometime tomorrow AM, possibly around NDX 1082, the area of gap support on the 15-minute chart.