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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?


To: JRI who wrote (61629)12/13/2002 10:18:51 PM
From: Shack  Respond to of 209892
 
Not sure what trend line they are referring to. If one was to draw a parallel lower channel line for the COMP rise, I have it at 1313 or so on Monday. This downtrend looks like it might be accelerating and 1347 is too close IMO to provide much support if we are in a 'c' down.

The 'real' support will be the backtest of the monster dt line going back to Sept 2000. That would be in the 1260-1290 area.

All IMO.