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To: AllansAlias who wrote (71963)4/23/2003 11:04:24 PM
From: marginmike  Read Replies (1) | Respond to of 209892
 
why wouldnt we push signifegently higher then?



To: AllansAlias who wrote (71963)4/23/2003 11:19:48 PM
From: Shack  Respond to of 209892
 
I'm curious where you are seeing these breakouts in non-tech. I have mentioned GE and I know you have the OEX channel (although I would think the August 2000 dt line may prove to be some trouble there) but I don't see much else.

I find most tech charts still look bullish to me though. How about that BGEN?



To: AllansAlias who wrote (71963)4/23/2003 11:21:42 PM
From: the-phoenix  Read Replies (1) | Respond to of 209892
 
Do you consider moving sideways out of a steeply falling channel to be a breakout? I don't see many markets making higher highs here, even if they are moving "above" falling downtrend lines. It is more like the trendlines are just falling faster than the markets.

One could argue that the Nasdaq Composite "broke out" over a year ago as it escaped sideways out of the downward sloping channel off the March 2000 highs.


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