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


To: jjstingray who wrote (24029)1/14/2003 2:13:04 PM
From: ajtj99  Read Replies (1) | Respond to of 30712
 
Well, the 60-minute has turned up on the COMP, and that's usually good for higher prices. AV on the full 60-minute too.



To: jjstingray who wrote (24029)1/14/2003 2:16:57 PM
From: ajtj99  Read Replies (1) | Respond to of 30712
 
When the little red line on the daily COMP ADX hits -15, you can think about shorting, IMO.

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]&pref=G

This 60-minute chart shows things are progressing quite well to the upside:

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][J6471081,Y]&pref=G

That wedge you see could actually be just part of a channel that has support around NDX 1050 or so. The main rising support off the 10-10 lows through the 12-31 lows is also lower, around NDX 1010 or so if memory serves.