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To: AllansAlias who wrote (68616)3/16/2003 3:53:35 PM
From: JRI  Read Replies (1) | Respond to of 209892
 
Were we (thread, collectively) tipping the move in summer 2001 as a bull flag too at the time? (until it broke downwards of course)



To: AllansAlias who wrote (68616)3/16/2003 4:42:11 PM
From: ajtj99  Read Replies (1) | Respond to of 209892
 
Don't you see similarities between this "flag" and the May-July 2001?



To: AllansAlias who wrote (68616)3/16/2003 6:08:48 PM
From: Shack  Read Replies (1) | Respond to of 209892
 
Its a good chart. I would note that Smelly's flag looks a little steep for me.

What's important here is that the strong move off the Oct lows might have ended a major phase in the tech bear (non-tech has more pain coming IMO). It means we are possibly within a 'b' wave in the larger 'B' and there is no hint of a major trend developing either way. We could just as easily drift right back down to the Oct lows as break up from the flag IMO.


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